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Re: Prime Lawsuit


there are several methods to collect...if they shut down and file bankruptcy (which is almost guaranteed from what i've heard) you'll have to get in behind secured creditors and the process will take 12 - 36 months and probably get $ .10 to $ .15 on the dollar, if you're lucky. all this will hinge on their lawsuit against DTV. but if they file bankruptcy 1st it will protect them until the suit is settled. by then their new corporation will probably be strong enough.
They will then liquidate Prime and pay their debts through bankruptcy court. your $ .85 to $ .90 pays the bankruptcy lawyers.
it really sucks...but that is how it works 90% of the time.

so in the end the little guy gets screwed the big guy moves on and the freakin lawyers just keep taking more money.

(cussing)
This is CABL.com posting #129361. Tiny Link: cabl.co/mHOD
Posted in reply to: Re: Prime Lawsuit by Sierra Comm.
There is 1 reply to this message
Re: Prime Lawsuit Countdown 4/2/2004 2:12:00 PM