It looks like they have reached some form of agreement although...

It looks like they have reached some form of agreement although the justice will have the final say of course. It does look like the company will return to shareholders with the new board in the interim.

The $97.5 placed in escrow does suck though. I was always under the impression that the $100M was going to be used to pay the remaining ATO liability, however, I do know there is an understanding that MIN was obligated to pay all the outstanding amount.

The future for Alita will ultimately be decided on the amount of funds remaining (if any) after the final decision on the ATO liabilities is known.