Seeking Alpha

Lintoid

 
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  • Another Look At Cybex [View article]
    Correction on court structure in my comment above:

    The October appeal was heard by:
    "Appellate Division, Fourth Judicial Department, of the Supreme Court of the State of New York".

    Cybex is appealing again to:
    "Court of Appeals of the State of New York"
    Their website is here: http://1.usa.gov/vsj01l .
    I don't see any mention of the case in their docket as of yet.
    Dec 2 04:08 PM | Likes Like |Link to Comment
  • Another Look At Cybex [View article]
    Cybex has indicated that they will immediately appeal again to the NY state supreme court.

    To be clear, there was an insane jury decision with an unprecedented award amount. Then the NY State appeals court ruled as described above (upheld decision, and reduced award by a third). Cybex is now appealing again to the NY State *supreme* court, and will hear back within 60 days whether they will hear the case.

    At this point, it's a long shot for Cybex; so my article assumes that the decision (with appeals court reduction) will stand. But there is still a reasonable possibility that Cybex will get more relief from the NY state supreme court; or through a settlement (possibly a structured settlement) with the plaintiff.

    I'm hoping for a decision or settlement that covers this poor injured woman's actual needs, while letting Cybex continue to turn out its excellent, safe, fitness products. The market needs to see a resolution and financial structuring by which Cybex can manage its new burden.
    Nov 28 09:20 AM | Likes Like |Link to Comment
  • Another Look At Cybex [View article]
    Another way of looking at it: even with no further reduction in the judgment, Cybex's entire liability is roughly equal to 1 quarter of sales.
    Nov 27 01:36 PM | Likes Like |Link to Comment
  • Cybex's Fate In The Balance: The Asymmetry Of Crisis Investing [View article]
    See my second article, following the appeals court's ruling :

    http://seekingalpha.co...
    Nov 21 04:08 PM | Likes Like |Link to Comment
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