Correction of Misleading Elk Cove Thrasher Litigation Details
A correction follows a prior Elk Cove Thrasher report. It cites Judge Petersen's Opinion and a Morrill memorandum to clarify damages and loans, noting Elk Cove's lack of clear profitability, Thrasher's good faith, and substantial punitive and asset-related recoveries. The piece emphasizes the court's stance on mismanagement and asset sale outcomes as reported on August 15, 1973.