BEAVY - What is a KITTY to do? SIGA pond appears to have hit a fresh spring and rafts are rising - case remanded for damages. Is 4 bucks a good entry or is one advised to stay on the beach till the wake rolls by? THX
well you started a small raft already so go with the flow. It's complicated. The lower court now must redraft what it thinks are expectant damages which the judge said earlier couldn't be determined. The SC sided with Pharma in accepting the "non-binding" contract as a basis for promissory estopple and ordered the lower court to come up with appropriate damages. What's appropriate? How long will the lower court take to decide? Another VTUS although in SIGA's case they do have a $300mil contract on hand. The company had an interesting pipeline but appeared to sand bag any development till after the trial...which is still on going now for 7 yrs.