The insurer has deeper pockets than GS so my money's on the insurer throwing it back on GS in an attempt to avoid a payout. Either way, GS will be out of pocket and will more than likely seek refuge in bankruptcy.
He didn't bung up a Toyota Corolla in a fender bender. This is a highly complex matter and substantial legal fees will inevitably be incurred defending his position against EVERYONE.
Shareholders won't be the only students of this stuff up! That's my hope anyways!
PDY Price at posting:
0.4¢ Sentiment: Sell Disclosure: Held
