Ponz, it makes me sort of sorry to understand how far interest rates have moved away from having a market determination. What I also don't get is how the US govt pays for its debt service if rates go up a bunch.
Kid I met a while ago had a job working in a newly opened 3D printing equipment printing shop in California. The owners hired him to oversee the place as it opened. Problem was there were no customers and the kid got fired. I spoke to him about the DDD product line and that combined with him reporting no retail traffic saved me big $ as I sold out well in time to retain a significant profit. Like who wants to print trinkets using a printer that has to be babied to get it to run? Great future to additive manufacturing, but it isn't here yet for the retail customer that DDD was aiming at. Junk product (at the current level of development) is the best I can tell.
I looked and see CME is represented by a Skadden (excellent reputation and top league) with a partner who is from the U of C and a woman who is form Ohio State or something like that. If I were picking a lawyer to bet on for ability I would take the other group.
Lots of a case is dependent on a group of lawyers out lawyering the other lawyers. Skadden has a wonderful reputation. I would take the other hungry guy who has a resume showing a $180 million win. Maybe he got a % of that and it whetted his appetite? His resume says he will work for a fixed fee or by the hour but prefers to get a piece. 10 to 30% of $180 million makes me understand (and envy) where he is coming from.
Remember when the CBOT wanted to settle and the guy from K&E desperately wanted to continue? Stuck my as pathetic attempt to protect what must have been the possibility of a dream payday for him. Remember the letter sent out that looked like a used car advertisement :)?
This thing is moving right along from looking at the file. When cases start to move they can move.
Yep if CME bought out all of the seats I too would be very pleased to take the money as long as it was decent.