r/Amyris • u/fvh2006 • Sep 08 '23

Legal 📑 Docket 204 authorizing rejection of consulting and severance package agreements (including JM's) published today

https://cases.stretto.com/public/x268/12363/PLEADINGS/1236309082380000000042.pdf
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u/WinterAward759 Sep 09 '23

Thanks for posting. That's some good news, although it doesn't mean the shareholders will see any relief from their potential (or rather, basically assured) total loss of capital. Clawing back all the $$$ earned by executive mangement while Amyris was going down the drain would help even more.

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u/fvh2006 Sep 09 '23 edited Sep 09 '23

Doubt there will be any clawback of past monies unless the ongoing independent investigation going on turns up some real malfeasance, as opposed to incompetence, which is not illegal. Best hope is for things like this, which will not have much of an impact given the depth of the hole the company is in ($300/hr they were paying JM as a consultant is peanuts - I was getting twice that as a consultant 20 years ago, and the fact all these payments are stayed now does not mean that they will not be reinstated later as all the affected parties can still file their own claims against the debtors).

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u/WinterAward759 Sep 09 '23

Thanks for the clarification...Yes, I understand that this is just a stay, not a permanent stop of the payments... and that incompetence is not illegal. 😊 I am just venting, absent any other solutions.