siga did not just make a big mistake. It knowingly wanted to nullify a contract because of its greed. It must be therefore punished accordingly. 50/50 split is the right and most brilliant remedy any judge can think of under the circumstances. Anything short of that would be a manifest injustice, because if siga had not acted in bad faith, both companies would be prosperous and reaping the reward. The trouble was siga wanted to have it all despite pip's financial assistance at the time when it was in dire straits. I can assure all you siga holders, no judge will back away from or reduce 50/50 split reward. It was only fair to both parties.
In all my carrier, I’ve never heard of a 50/50 spit. really. Sometimes 49/51, but never 50/50. I assume it because is legally too ambiguous. No one is in control. But, anyway, there is usually one party who in honest equity should have more, or at least more control. In this case, it's hard to imagine a justification of how PIP has earned friggin’ half of everything. What were they going to provide that was sooooo valuable as to give half the prize away?
SIGA wanted to have it all?!? Sounds to me like PIP wanted to have it all, for NOTHING. Let's not pretend that PIP management was operating with ethics and morals at the forefront of their negotiations either. That's just plain ignorant and stupid. They're just smart that they hired better attorneys.
Yes, it has been my experience that 3 million dollar loans (paid back in full) allow the lender access to untold millions in return. It should not matter that the parties never executed an actual contract, license agreement or merger agreement . SIGA was simply unjust by insisting PIP pay fair market value for ST 246. Plus, why shouldn't PIP be enriched when they have yet to have any tangible involvement in regard to 246 since the loan?
PIP needs an incredibly creative judge to figure out a ludicrous way to reward them for all of their hard work and diligence.