four companies have argued in court

有四家公司分别向法庭提出告诉
that failure to file financial statements is not an event of default.

不能准时报送财务报表不能算是违约事件
We won the first case,

我们赢了第一件案子
which we really thought settled it.

本来让我们放下心来
We've subsequently lost two and one is pending.

但随后我们败诉了两个还有一个未裁定
The wording is slightly different in all the indentures,

每份契约的措辞都有些差别
but in general,

总的来说
we've settled eight or nine cases;

我们已经解决了八到九起案子
companies sort of agreed and we negotiated a settlement.

那些公司大致同意与我们协商和解
In terms of whether hedge funds

从对冲基金的角度来说
are an instrument of social good or not,

不管它对社会是否有益
the litigation companies argue that we're opportunists,

那些上诉的公司认为我们是机会主义者