Here at the Litigation Daily, we pride ourselves on the ability to boil complex issues down to their bones. But we’ve got to hand it to Wall Street analyst Frank Mitsch of Fermium Research. In an analyst call with Huntsman Corp. Chair and CEO Peter Huntsman late last month, he summed up the company’s dispute with Albemarle with aplomb.

“I remember reading the complaint four-and-a-half years ago, and I was thinking, ‘Wow, Albemarle is in deep doo-doo,’” Mitsch said, according to a transcript of the call on the Seeking Alpha website. “And then when Kirkland & Ellis took on the case on a contingency fee basis, I’m like, ‘Well, it’s just a matter of time.’”

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