00:04
i recently had a very large
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bet the company case it was also a a
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partnership dissolution a business
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divorce if you will
00:13
where one of the minority partners
00:15
wanted to take over the business
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they were both a partner and a lender
00:19
and they were trying to use the lending
00:20
facility as a basis to simply take the
00:22
business away
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it made no economic sense and ultimately
00:27
the case was resolved on a very
00:29
favorable
00:30
basis for the business owner but it was
00:33
after
00:33
both sides spent in excess of million
00:36
dollars in legal fees and costs
00:38
so it’s very expensive litigation and
00:40
when your
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livelihood is on the line there’s
00:43
nothing to do but fight you have to draw
00:45
the line in the sand and say i can’t go
00:47
beyond here
00:48
this is where i am this is what i am who
00:50
i am and i’ll fight for it
00:52
and that’s what happened