Century--you are right on the money. I have been involved with cases that have indemnity clauses. Some have obligations for a defense, others for indemnification, and most both. If that is the case here, the last thing ARM wants is for one of its indemnified clients to go down in flames--which might be how one or more of the J3 see this playing out. It was simply time for ARM to step in because ultimately, its wallet will be the one that will be open (we all hope). I see the entry of ARM, on every level (litigation-wise, jurisdictionally, strategically, and tactically), a big positive for TPL/PTSC. Can anything happen? Yes. In litigation, you never know until the check is in the bank. But I like our chances. Holding the stock means I like the chances well enough to have a lot of my own money on the line. cheers, tps