#Fanniegate, Lamberth Jury Trial, Day 1
Alright #Fanniegate Fans, let's start with a summary of Lamberth jury trial Day 1. Original Twitter Thread First, apparently a juror didn't show up (or maybe 2?) and their are now 9 jurors seated (probably a jury of 6 with 3 alternates but not 100% clear). This delayed the start of opening arguments until after 11:30am. Some brief argument over a tsy document but it was included. Ps opening was extremely clear. Tsy got $150B from NWS than the 10% original deal (explained step by step with slides). JPS Ps paid in $33B and only received $5B back in dividends, and NWS cut of all possibility of future dividends (clear and simple slides), so $27B down... ...and we're only asking for a small fraction of that. Lot's of time spend on explaining the $27B, and literally 1 minute explanation of the end of the share price pre-NWS of $2.9B and post-NWS of $1.3B for a decrease of $1.6B and "that's all we're asking for" So 30 minutes on "we're ...