The lawyers will suck whatever they can out of the business. Most CA are run against companies that are broke and you are just arguing with the insurance company over the settlement size (let's assume Bane & Joel are smart enough to have insurance). In the case of GSW if they still have $100 million in cash in the bank then the lawyers will keep going until they get this. Then there is the risk Fidelity will run its own case to get its money back.
I wonder if Fidelity was smart enough to put a clause in to get their money back if there was a significant material change or misrepresentations by GSW.
GSW Price at posting:
51.0¢ Sentiment: None Disclosure: Not Held