"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."