KSTHANE

LDK Solar Serves Notice, Brings Top Firms to the Fight

So spending several hundreds of thousands of dollars worth of shareholder money to clear the air is better than spending a few hundred thousand dollars?

I'm not advocating that LDK go out and hire some washed up hack of a lawyer to represent them, I'm simply suggesting that if there is nothing to worry about, any corporate law firm would be able to get them through this. A well known, but not top tier, law firm would put their best people on this and put forth an incredible effort because of the good publicity it would bring their firm.

LDK Solar Serves Notice, Brings Top Firms to the Fight

Wouldn't it be just as reasonable to expect the hiring of top tier law firms to be bad news? Couldn't this be interpreted as analogous to OJ hiring Johnny Cochran as his defense attorney?

If the company is supremely confident in their position and the claims are baseless, why spend tons of money to clear the air when you can get a run of the mill law firm with a good track record to clear the air instead?

I'm not going to comment on whether I believe LDK has done anything wrong or not; but the assumption that hiring top tier law firms to deal with the issues is a sign that the company has done nothing wrong goes against all conventional wisdom.