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We've had to delve into our endowment, and we are in litigation right now with the seller.
He doesn't have the fortune that you would like to think a rock star would have because too many things are in litigation right now.
The initial reaction was, what a bunch of freaking idiots to invest with in thing with that litigation, right?
There's also pending litigation right now involving accusations that they tortured inmates in county lockup.
We aren't paying for it - the good taxpayers of Texas are willing to pick up the tab for the litigation, right?
Similar(51)
But one of Bank of America's defenses is that A.I.G. lacks standing, having given its litigation rights to Maiden Lane II.
Jack Gutt, a spokesman, said in a statement that the New York Fed had intended to hold the litigation rights and that the declarations were true.
In a statement released by the state-controlled Xinhua news agency, the court said it had "strictly followed the legal procedures" and "fully protected Liu's litigation rights".
In that matter, Bank of America has argued that A.I.G. has no right to sue it for fraud because A.I.G. sold the securities to Maiden Lane II and so transferred the litigation rights to the New York Fed.
That prompted A.I.G. to file its suit, arguing that when it sold the tainted assets to Maiden Lane II, it did yield some litigation rights, but not the ones giving it the right to bring fraud complaints against the banks that put the securities together.
The state-controlled media has not covered Mr. Liu's trial — nor has it allowed any mention of Charter 08 — but Xinhua, the official Chinese news agency, published a brief item Friday that described the sentence and said the court "had strictly followed the legal procedures in this case and fully protected Liu's litigation rights".
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