Re: Sounds smart to me
"They're kind of obliged, really. If the appeal costs less than $119M, they owe it to their shareholders to do so."
Not really. If they assess the chance of winning at 100% then they should spend up to $119m. If they assess the change as just 10% then spending $11.9m would be the rational thing to do.
Oh, dear, I just used the word 'rational' about these ego-driven lawsuits. *sidles off in shame*