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SIGA Technologies, Inc. Message Board

  • nicehedges nicehedges Feb 7, 2013 1:54 PM Flag

    Wedbush CC: Judge Joseph Farnan, Jr.

    Yesterday Wedbush held a conference call concerning the potential outcome of the appeal. The featured speaker was Judge Joseph Farnan, Jr. The legal side of the Siga story has always been a weakness for me, and as such I lean on the opinion of experts like this. In short, the Judge's opinion was that the supreme court would most likely not mess with the liability verdict as it was a finding of fact, but will remand it back with instruction to determine an outcome based on reliance damages as expectation damages would also be too speculative to figure. When asked point blank if he felt that pip's award amount would be reduced he said he believed it would. Based on the trading today, I think some others are agreeing with him as well.

    Here's the Judge's bio from his website:
    Joseph J. Farnan, Jr. served as a United States District Judge for the District of Delaware from 1985 to 2010. He served as Chief Judge from 1997 to 2001. During his tenure on the bench, Mr. Farnan presided over cases involving complex commercial disputes, including patent, antitrust and Chapter 11 bankruptcy cases. Indicative of the number of patent trials Mr. Farnan conducted, during a three year period only one federal district held more patent jury trials than Mr. Farnan. Prior to his appointment to the federal bench, Mr. Farnan served as the United States Attorney for the District of Delaware (1981-1985); Chief Deputy Attorney General for the State of Delaware (1979-1981); County Attorney for New Castle County (1976-1979); and Assistant Public Defender for the State of Delaware (1972-1975).

    While serving as Chief Deputy Attorney General and United States Attorney, Mr. Farnan was directly responsible for the investigation and prosecution of several high profile white collar and organized crime cases. In 1983, Mr. Farnan filed the first ever RICO case in the District of Delaware. During his years in private and public sector practice, Mr. Farnan personally tried numerous cases in federal and state courts.

    Mr. Farnan’s practice is focused on patent litigation, complex commercial matters, and Chapter 11 bankruptcy proceedings. Mr. Farnan also serves as an arbitrator/mediator and consults on various aspects of litigation for major corporations.

    Sentiment: Strong Buy

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    • Bumped for your re-review!

      "Yesterday Wedbush held a conference call concerning the potential outcome of the appeal. The featured speaker was Judge Joseph Farnan, Jr. The legal side of the Siga story has always been a weakness for me, and as such I lean on the opinion of experts like this. In short, the Judge's opinion was that the supreme court would most likely not mess with the liability verdict as it was a finding of fact, but will remand it back with instruction to determine an outcome based on reliance damages as expectation damages would also be too speculative to figure. When asked point blank if he felt that pip's award amount would be reduced he said he believed it would. Based on the trading today, I think some others are agreeing with him as well.

      Here's the Judge's bio from his website:
      Joseph J. Farnan, Jr. served as a United States District Judge for the District of Delaware from 1985 to 2010. He served as Chief Judge from 1997 to 2001. During his tenure on the bench, Mr. Farnan presided over cases involving complex commercial disputes, including patent, antitrust and Chapter 11 bankruptcy cases. Indicative of the number of patent trials Mr. Farnan conducted, during a three year period only one federal district held more patent jury trials than Mr. Farnan. Prior to his appointment to the federal bench, Mr. Farnan served as the United States Attorney for the District of Delaware (1981-1985); Chief Deputy Attorney General for the State of Delaware (1979-1981); County Attorney for New Castle County (1976-1979); and Assistant Public Defender for the State of Delaware (1972-1975).

      While serving as Chief Deputy Attorney General and United States Attorney, Mr. Farnan was directly responsible for the investigation and prosecution of several high profile white collar and organized crime cases. In 1983, Mr. Farnan filed the first ever RICO case in the District of Delaware......"

    • BUMPED for $4 Call Sellers' Reading Pleasure:

      "Yesterday Wedbush held a conference call concerning the potential outcome of the appeal. The featured speaker was Judge Joseph Farnan, Jr. The legal side of the Siga story has always been a weakness for me, and as such I lean on the opinion of experts like this. In short, the Judge's opinion was that the supreme court would most likely not mess with the liability verdict as it was a finding of fact, but will remand it back with instruction to determine an outcome based on reliance damages as expectation damages would also be too speculative to figure. When asked point blank if he felt that pip's award amount would be reduced he said he believed it would. Based on the trading today, I think some others are agreeing with him as well.

      Here's the Judge's bio from his website:
      Joseph J. Farnan, Jr. served as a United States District Judge for the District of Delaware from 1985 to 2010. He served as Chief Judge from 1997 to 2001. During his tenure on the bench, Mr. Farnan presided over cases involving complex commercial disputes, including patent, antitrust and Chapter 11 bankruptcy cases. Indicative of the number of patent trials Mr. Farnan conducted, during a three year period only one federal district held more patent jury trials than Mr. Farnan. Prior to his appointment to the federal bench, Mr. Farnan served as the United States Attorney for the District of Delaware (1981-1985); Chief Deputy Attorney General for the State of Delaware (1979-1981); County Attorney for New Castle County (1976-1979); and Assistant Public Defender for the State of Delaware (1972-1975).

      While serving as Chief Deputy Attorney General and United States Attorney, Mr. Farnan was directly responsible for the investigation and prosecution of several high profile white collar and organized crime
      cases. In 1983, Mr. Farnan filed the first ever RICO case in the District of Delaware. During his years in private and public sector practice, Mr. Farnan

    • Judge Farnan appears to have triggered some upwards momentum for the Siga. I can't say the same for the free society hating Judge Roberts.

      Sentiment: Strong Buy

    • Replay Number: 1-800-406-7325
      Access code: 4596133

      Sentiment: Strong Buy

    • Oh...I'm surprised, since I've posted the SAME exact thing here over and over, and you folks didn't even have to pay me!

    • What is his hourly rate please!

      We paid $600/hour pre-judgment day & you know the rest of that story.

      Now, for free, we get what we paid for & did not get?

      Hmmm?

      As Hammie said, "Something's rotten in Denmark,no?

      IMO

 
SIGA
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