KCN 2.75% $1.42 kingsgate consolidated limited.

Ann: Kingsgate settles PRI Claim for more than A$82 million, page-70

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  1. 2,083 Posts.
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    Conclusion: Previously, there was a low chance of settlement, with big-headed junta leader preferring to try to take over KCN for a low price or hope to push them to insolvency. New reality, if their lawyers think the outlook is not good, then they might be forced to settle. Otherwise wait for the trial's conclusion.

    Side question: Would the lawyers ever speak realistically to the client about low chances of winning, if it means settlement and less ongoing fees for them?
 
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