CVC is only the majority shareholder and is not in itself subject to the litigation, Stella / S8 are the parties exposed. CVC are exposed only by way of the impact that any judgement and legal fees would have on the value of their equity in Stella, i.e. the same as all shareholders.
There is nothing for CVC to negotiate with CS over and each party will have separate legal representation even if they are both respondents to the same statement of claim (this is very much the norm).
The exposure is Stella's and the S8's directors, in turn if Stella is worth less as a result of the case then everyone's equity in Stella is worthless. CVC would not be so stupid as to fund a non wholly owned subsidiary's legal case as the minority shareholder (MFS) just gets a free ride.
MFS Price at posting:
0.0¢ Sentiment: Sell Disclosure: Held
