A member of MCT has issued the Board with notice that they intend to file legal action. There's not been any actual suit filed yet but they've said they're going to do so. The Board considers the proposed action not to have any merit, but they said if it is filed, it will need to be defended, and that will come with legal costs.
The above is what I remember with near 100% certainty.
I think they also said that they would need to cover the costs via the MCT funds, which as we know are earmarked purely to send to GMFC Ltd. So we'd need to find a way to make that possible. I'm not certain I'm remembering that exactly as they said.
Understandably they took no questions on this update, which was given at the start of the meeting, then we moved on with the agenda.