But who would buy Avid? Adobe has Premier which they have based their video future on, and Apple has no interest in Avid. Blackmagic, perhaps? Sony? Avid is a very, very small company with a tiny market cap - easy to buy, but who will take a chance?
AVID is very modestly valued with over $70mm cash and no debt.
A private equity could acquire AVID and sell it in pieces doubling or tripling their $$$ in a very short time.
All the law suits are nuisance suits by ambulance chasers and will not prevail.