As we approach Thursday’s hearing, worth remembering there are two major issues for the Judge to opine on: 1) Discovery Order and 2) Preliminary Injunction.
For the injunction order, remember FRR had suggested to Hope’s legal team that in order to save court time and money, they should not challenge the injunction because according to them (and their court submission) OMF proceedings are unaffected by Cali proceedings (but they still objected).
On the Discovery Order, FRR team agreed to OMF’s request that in case they needed an extension of time to respond they would not object to their request but this was in exchange for OMF not contesting the Discovery Order, they didn’t agree.
Either way, we will have a better idea of where we stand after Thursday. But next weekend could again be a bit of nail biter as we may have an update by Friday evening. But if the two items go in our favour (i.e. granting of the injunction and discovery order), it may force Hope to rethink his approach perhaps consider entering OoCS with FRR.
But overall, I feel, after FRR’s latest court submission where the focus was firmly brought back on the issue of Fiduciary and Directors duties (equivalent to the ‘Magna Carta’ for the Directors), we stand a good chance on Thursday but I still have everything crossed.