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Lawsuit: AMP Futures Trading aka AMP Global Clearing
Wow just read the transcript, better than reading an action novel, thanks.
If you can, what is the Total Court Cost divided by the number of Active users on Big Mike Trading?
Having this would give active users a better idea of what each "Active User's" fair share should be if they want to contribute or to contribute a second time as it appears there is still a money deficit regarding this court case.
Somewhere around ~ 17k, I haven't got the final invoice yet for July's billable hours.
It's hard to give a "users" number. 50k members, 8k visit daily. 133 have thanked post #1 of this thread, 37 have posted in the thread. There are too many wild cards, best to let everyone come up with their own figure if they want to contribute to the legal fund.
I don't know about U.S. law, but if they lost aren't they liable for all costs? Why do you have to pay costs for something where you are clearly not at fault? Doesn't make sense to me.
In the US we do not have a default "loser pays" law. If we did, it would dramatically improve our legal system overnight...
My layman's understanding is that I would need to sue AMP to recover costs. It is something that hasn't been ruled out. I would like to see the "justice" in having them pay for the expenses they created, and would love to then be able to reimburse people who contributed to futures.io (formerly BMT)'s legal fund from the money recovered from AMP.
That said, it is not something I am presently pursuing. I reserve the right to change my mind of course.
Platform: "I trade, therefore, I AM!"; Theme Song: "Atomic Dog!"
Trading: EMD, 6J, ZB
Posts: 796 since Oct 2009
things turned out the way they should have!
in legal terms, when someone is told their case lacks merit, is a far greater slap in the face, than just losing...
so much for their hollow or empty barrel, since that is the latest phrase being bandied about...
what is good to know, is what we have supported, will continue!
