Thanks Yalbmert99.
The resources of Legal must be near exhaustion. I have lost track of all the cases they are defending - some handled internally and some managed remotely by JW attorneys or non-JW paid attorneys which are very expensive and have potential risks of being aired in public (even with the exhaustive safeguards, people still like to share what they know).
All these cases require careful attention to manage and timely replies to avoid default judgements. I have not heard of any recent victories by WTC.
Then there are the negotiated out of court settlements which have grown in number. These require legal attention also for the non-disclosures and direct negotiations on $ amounts. The NDAs are really tight. I have not heard ANY actual settlement amounts - just hints and comments that WTC is bleeding profusely. One litigant was advised to settle before WTC collapses financially.
I have seen some comments (mostly on this forum) that WTC has limitless funds. NO ONE HAS UNLIMITED FUNDS. The last time I saw a disclusure of WTC net worth (liquid assets), it was barely enough to cover annual operating expenses. I am skeptical that those funds were all donated given the declining attendance. When publishers stop attending, they usually stop donating - even though WTC encourages them to donate online. By the time I faded, I stopped all donations - online and in-person. How about you?
The sale of assets may be the only thing keeping their nose above the water line. I suspect that many of the properties are leveraged for the cash they need to cover settlements, pay legal fees to hired attorneys, and feed the Bethelites.
Don't believe it? Whatever happened to Ramapo, the large Patterson renovation, the Geico flip/consolidation combo and other projects? Are these on hold or scuttled entirely? A silt fence is not evidence of intention to complete a project. Show me concrete being poured.