Mar. 18 at 9:12 PM
$VS Updates on the cases. All briefs have been submit, regarding the 9th circuit appeal after PF was found liable for securities fraud. The appeals court will make a decision in mid April, in which they will then spend 6 months to a year writing out the decision. No party will know the outcome, even though it has been decided, until the judges spend the massive amount of time explaining the decision.
The other case, and more serious one, brought by the SEC against PF and VS' parent iCaro Media, for securities fraud, completed discovery and is now in potential settlement mode. It's possible they could settle by April 16.
