If you’ve been burned that much, you must be lousy at your job.I don’t see how you can suggest the allegations are the same as CAS plus some other things and then say they are not serious. City themselves said they were “very serious”. The word “serious” appears TWENTY FIVE times in the CAS decision.
And I am certain the disclosure in the PL case is far beyond CAS which was extremely limited on any basis and insufficient to prove the alleged fraudulent conspiracy. Again, we don’t need to speculate - these are City’s words.
BTW I am not suggesting every aspect of the PLs behaviour is “entirely rational”. On the contrary, I’ve criticised lots of aspects even from the limited amount we know. But I think it is very dangerous to underestimate the other side when it is manned with some of the best quality lawyers in the country who would simply not pursue a hopeless case.
Fortunately, it is crystal clear, City have taken the whole matter very seriously hiring a huge squad of high quality specialists with a money no object approach.
Personally, I accept on the face of the emails, there has been a case to answer (ignoring the debate about whether it’s fair/legal for the PL to go after a case essentially the same as CAS, if they have)
I’ve been burned in litigation too many times to take anything for granted, to be too confident or to underestimate opponents even where I think they are totally wrong on something.
(Sorry Stefan, couldn’t resist.)