I told these fools to prepare themselves to be disappointed, lol.
The appeals court can see that the judgement will not survive appeal. 75% of it was beyond the statutory bar that the court itself set back in June. That's a no-brainer.
The rest will crumble in the appeal, since they completely failed to show any connection between the SFC's and the profits. If there is no causal relationship proved, disgorgement is not a remedy.
This would never have happened at all if the case was tried in the Commercial Division where they know how to handle complex financial deals.
(b) Commercial cases
Actions in which the principal claims involve or consist of the following will be heard in the Commercial Division provided that the monetary threshold is met or equitable or declaratory relief is sought:
(1) Breach of contract or fiduciary duty, fraud, misrepresentation, business tort (e.g., unfair competition), or statutory and/or common law violation where the breach or violation is alleged to arise out of business dealings (e.g., sales of assets or securities; corporate restructuring; partnership, shareholder, joint venture, and other business agreements; technology transactions and/or commercial disputes involving or arising out of technology; trade secrets; restrictive covenants; and employment agreements not including claims that principally involve alleged discriminatory practices);
<snip>
(6) Business transactions involving or arising out of dealings with commercial banks and other financial institutions;
Duhhh...
Stupid lefties, LMAO.
