JoeB07
Oct 21, 12:38 PM
$SIMO spent some time researching the SIAC in regards to the upcoming court ruling with
$MXL . In Klara vs Tata the court took three years to issue verdict and then another 15 months to calculate the award. That’s a really long time to calculate the award. SIMO and MXL is different in that the award will be announced with the final verdict. SIMO isn’t just seeking the 160m + legal fees and interest, they are also seeking damages to the business like lost customers, lost worker talent, etc.. these calculations can be incedibly complicated and require significant review of a ton of evidence and internal documents and emails and whatever it takes to develop that final damages #. My take is that the longer it takes to issue the verdict the better chance SIMO will come out on top. If MXL had won I believe it would have been much easier for the court to hit their self imposed 6 month deadline from final deliberations. Disclosure- long SIMO /No position in MXL.
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