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Meritage Homes Corporation Message Board

  • davejphys davejphys Sep 26, 2008 5:43 PM Flag

    When does $111MM reward come on balance sheet?

    Does this happen upon the judgement, (i.e. right now)?

    Or do we have to wait for collecting?

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    • It may never go on the balance sheet. One the amount is ridiculous and will be reduced by the court. Two, this is phase 1 of the legal work. The verdict will be appealed and Meritage attorneys will try to negotiate a settlement. It will be far, far, less than the the "award" headline and it will take a couple of years to receive any assets in payment -if ever. Hancock will probably declare bankruptcy by then. Meritage may be bankrupt as well. I think the whole thing stinks and the further they go with it the more it will stink and damage Meritage.

 
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