Perhaps they have taken the nuclear option here in an attempt to get the escrow funds? First tactic of a negotiation is to ask for more than you actually want, then come back to (hopefully) land on what it is that you are looking for. It's all about leverage.
Not sure what their chance of success is. A previous review found SGH had less than a 50% chance of succeeding, however that was also without all of the information. Why on earth SGH would withhold info when having a possible claim on the escrow funds reviewed is beyond me. Also, if Watchstone were confident the SGH claim has no basis why would they write-off the escrow funds?
The plot thickens
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