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Any update on this item?
Let's me honest. The real criminal is SK. Nobody thinks JC is smart enough to be that deceitful. He was only complicit in firing anyone who said the science didn't support the OIL claims. SK was always the puppet master. How else could he be the guy that saved Apache?
APA is the worse managed company in the patch. Alpine High could have been a major success story but, like always, management ruined it by panicking and over promising results. They pushed to announce the field discovery and inflated the reserves. They pushed Key Nan to drill pads he wasn't ready to, even after he told them he needed more time. JC and SR should go to jail for fraud in my opinion. They were complicit in the whole thing and now they will need to answer. Meanwhile, they sit in the penthouse r@ping shareholders with their astronomical compensation. This was a great company at one time but the glory days are over. Nothing but a bunch of yes men and women in management and on the board
@1yfj+1iPESC8W FYI Special K, as you refer to SK told JC to stick his hush money where the sun doesn't shine. JC, SR, DP and the rest of the losers on the 14th floor knew everything that took place in real time. I know because i was there from the start. I was on the ground when the discovery well kicked off. SK tried to deliberately delineate the acreage and high grade it. The d1p$hit$ on the 14th floor panicked because they over promised and under delivered. Get your stories straight before you go running your ignorant mouth. If APA listened to SK, they would be reaping the benefits now.
I wonder how much this litigation is costing. Meanwhile SpecialK at home counting millions.
One of the plaintiffs…Teamsters Union 142 Pension Fund. Thou shall not PO “The Family”,
All they have to do is prove they didn't know they were lying. That should be easy since SK still thinks there's the biggest oil find in history there.
U.S. Magistrate Judge Andrew M. Edison of the Southern District of Texas, in an opinion issued Thursday, recommended that the case move forward because the plaintiffs’ complaint is sufficiently detailed and specific in its allegations that company officials knew the information they made public in 2016 was “materially false.”
Any fun predictions on what the actual outcome will be? Almost always these things get settled….