Declan Ganley has claimed that the value of 20,000 shares he was recently forced to turn over to David Shuman ought to be enough to settle the matter since it 'well exceeds the amount of the default judgment'.David Shuman, an investor in Rivada, is suing Mr Ganley to force him to pay the remainder of a default debt judgment that, according to court filings, now stands at nearly $20 million (€18 million), after interest.
Mr Ganley has claimed that the value of 20,000 shares he was recently forced to turn over to Mr Shuman at auction ought to be enough to settle the matter since it “well exceeds the amount of the default judgment”. He has put the value of those shares at least $15.1 million, based on recent certain share transactions. However, during a deposition as part of the litigation, he suggested that this figure could be even higher, at more than $100 million, based on more recent fundraisin