My thoughts related to Johnson's testimony. Does he get on the stand and say he lied (which exposes him to professional jeopardy), say he didn't lie but based his statements on Rossi's assurances (throws Rossi under the bus), pleads the 5th (plays badly with jury) or asserts that someone told him but that statement is privileged (plays badly with jury). I don't see any good responses for him.
WW,
Well, Johnson is a "3rd Party" counter-defendant now, along with Fabiani and Bass. He has his own lawyer (Barra), so things are pretty complicated. That said, he is arguing in his defense that what he put in writing about JMP (UK formed, affiliated with JM, not associated in any way with he or Rossi), was superseded by the "Term Sheet" -as it was written later. The Term Sheet described the "chemical" company generically, and never mentioned JMP.