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Altruistic objectives in a legal proceeding rarely, if ever, results in large financial payoffs.
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Seems like a good sign to me
Hey Fred it looks like most attorneys have all withdrawn. What do you make of this now?
With all these Libor filings with attorneys withdrawing, the end must be only days away.
412609/20/2024ORDER GRANTING MOTION TO WITHDRAW AS COUNSEL OF RECORD granting (4123) Motion to Withdraw as Attorney. The Court hereby: 1) PERMITS attorneys Richard M. Heimann, Steven E. Fineman, Eric B. Fastiff, Brendan P. Glackin, Michael J. Miarmi, and Andrew R. Kaufman to withdraw as counsel of record for Plaintiffs in the above-captioned actions; 2) DIRECTS the Clerk to amend the docket and other court records to reflect the withdrawal of these attorneys as counsel of record; and 3)DIRECTS the Clerk to remove these attorneys from all electronic and other service lists for these proceedings. SO ORDERED. (Attorney Brendan Patrick Glackin; Richard Martin Heimann; Andrew R Kaufman; Michael Joseph Miarmi; Eric B. Fastiff and Steven E. Fineman terminated in case 1:11-md-02262-NRB; granting (375) Motion to Withdraw as Attorney. Attorney Brendan Patrick Glackin; Richard Martin Heimann; Andrew R Kaufman; Michael Joseph Miarmi; Eric B. Fastiff and Steven E. Fineman terminated in case 1:11-cv-06412-NRB; granting (370) Motion to Withdraw as Attorney. Attorney Brendan Patrick Glackin; Richard Martin Heimann; Andrew R Kaufman; Michael Joseph Miarmi; Eric B. Fastiff and Steven E. Fineman terminated in case 1:11-cv-06411-NRB; granting (366) Motion to Withdraw as Attorney. Attorney Brendan Patrick Glackin; Richard Martin Heimann; Andrew R Kaufman; Michael Joseph Miarmi; Eric B. Fastiff and Steven E. Fineman terminated in case 1:11-cv-06409-NRB; granting (398) Motion to Withdraw as Attorney. Attorney Brendan Patrick Glackin; Richard Martin Heimann; Andrew R Kaufman; Michael Joseph Miarmi; Eric B. Fastiff and Steven E. Fineman terminated in case 1:13-cv-07005-NRB; granting (336) Motion to Withdraw as Attorney. Attorney Brendan Patrick Glackin; Richard Martin Heimann; Andrew R Kaufman; Michael Joseph Miarmi; Eric B. Fastiff and Steven E. Fineman terminated in case 1:14-cv-03094-NRB. (Signed by Judge Naomi Reice Buchwald on 9/20/24) Filed In Associated Cases: 1:11-md-02262-NRB et al.
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Neal is a shaded dolt. If Sonterra drops, FDIC math applies, or is applied. (3-hun).
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Fred said long ago
THE COURTS KNOW but are giving them time to come to the realization that, THEY ARE GONNA HAVE TO COME UP WITH A NUMBER or this will be put forth to a JURY TRIAL and HOLY MOLLY that could/WOULD be devastating to them.
No decision from the federal appellate court on the Sonterra v. Barclays case is a decision. Further, the court suggested an amended petition which is shocking and unheard of. The court is giving original plaintiff open door to state whatever the plaintiff desires and the court will uphold the writ in full which should result in a huge win, if not mutually approbated before a jury proceeding.
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I SAY IT WON'T, when the feds says shut it down, it gets shut down post hast..............................................................................................................................
neal said 4 more years bec. neither side will settle and the jury will only award $1 in p/damages due to the frivolous case and amts. paid on other cases.
stay in cash, if only in-voluntarily as with W. Buffett.
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Front running on a delisted stock is perfectly legal. OK, loophole legal.
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THEN HE NEEDS TO BEND OVER aint gonna happen NO WAY NO HOW
How about Fred 2 or Fred 3?
apparently Fred has been limited to 1 post per day
Perhaps he's positioning for a Democratic Presidential run...
Maybe some sort of METAL EPISODE happening before our eyes
Are we somehow going back in time now?
UWBK stock is showing strong support with the spike in volume.
Pivot points are likewise in sync.
Look for rotation at the earnings announcements.
Entire sector is in the wave movement with backward loops.
15, sonterra perfume for a billie, go redskins/toe
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All this clicking...you sure it's not arthritis?
.......................CLICK CLICK...........................................................
.....get my point, fellow fairies...?..that's how close we are to the end of this nightmare...........
.........................WINDCHIMES, per............................
...btw, the winner of this week's NFL football pool.........LOST FIVE GAMES.........the winner.......WACKJOB WEEK..........(redskins won).......GO TOE.......
............."BEST INTEREST," best interest bob...................legally binding, sir.....................actionable behavior.....................$$$$$$$$$$$$.....................
..........all business, bestie.....BIG BOYS, bestie.........playing HARDBALL.........$2.50 per, three separate times, bestie.......????.........actional best interest....that's my point, bestie...........
....(btw, bestie, get off the floor, swell the onion, muscle the F**K UP.....and produce)......
....OR....OR.....stay on ETSY, bestie........................
......probably better to let the CHINA economy collapse, then USA, bobbie..................and then a stock market crash..................NO DIRECTION OR CONTROL AT THE FED OR WHITE HOUSE...................PANIC EVERYWHERE.......$34-TRILLION in debt in the USA, with a $2-trillion annual deficit is a PROBLEM......USA gov't cannot fix the broken economy.........
....the real estate markets in the USA, residential and commercial...........ARE FROZEN SOLID...........there is $8-TRILLION in artificial, inflated values and they are propped up by municipalities which suck tax monies off of VALUES............NO LIQUIDITY always leads to EXTREME CORRECTIONS........tariffs.......strikes.....domino effect on all entities.......
......LONGER CHASE = BETTER CATCH, barfly bob.................let the process work for us.......and protect us from ourselves......as our payout GROWS..........
.........no PANIC BEGGING, bobbie...................good things come to those who wait..........your best interest, bobbie, might get you beaten, severely, sued and jailed..............aimho.......
Dude: the paying agent/trustee calculates the per share payouts......routine and computer precision automation.......no worries on any of that.........CLICK CLICK............
not clear on sonterra/LIBOR.......if settled for the $200mm..............that's our $26.6mm share........????.................
on the CLICK CLICK..................in seconds or another couple of months.........my guess is right at WINDCHIMES (11) per........liquidating dividend and some question as to whether the word "dividend" is cited...........whatever................
thanks for the $1,250 per, in accruals, this a.m...........I ain't even up yet and the money from the POS is pouring in............aimho and up yours to all......GO TOE........
dunno about the MATH.....on sonterra..........but if the UWB Receiver/FDIC only gets $27mm, or barely a dollar per........????.........
..........add that dollar per to our $10.50 - - to $10.75 per, at present.............EEEEEEEK to 12 per............high windchimes+++...........
....the FINAL NEWS will come from your brokerage accounts....not from BONEHEAD BOB or JACKHAMMER Q. SCOTT I............$$$$$ entered (might see the receiver termination or a statement on sonterra, but the $$$$$$$$$ will show up in our brokerage accounts.....high or low).....sorry.............
.........................bring it today, or bring it in a year or two..........no hurries and no worries.................aimho (and stop shooting at donnie, please)...............
....................KEEP OUT...................NO BEGGING FAIRIES, please......................................
....word is UBS wants the sonterra suit to prove itself to be REAL.....??......so far it is......
....we acknowledge the suit is weak and a stretch......we bought the RICHARD DENNIS claim out of the LIBOR/Buchwald suit, recently settled.......
....Richard Dennis is a legend, futures trader, long, long and storied past.....supposedly turned $1,600 into $350mm, using a method on futures securities trading.......
......appears to be a HOLD??? at the USCA/2 re: our sonterra suit......we could dig and force a statement, but this is arduous (gotta get "interested party" status, which both sides might oppose and then simultaneously request a formal status report.......and the court could refuse or tell us specific details)........YAWN.....WE DON'T CARE WHAT IS GOING ON...........just move the bowel and end the suit or settle..............and thanks for today's $1,250 accrual on the holdco monies......aimho...........
if IT - IT flies, floats or fornicates........we recommend a LEASEHOLD, to wit, comes now..............
as for "TOE'S" husband's derived problem on the unlawfully seized Denver THRIFT...........?????.......
latest smear is a resolution to COMPLETELY END THE LIBOR CRIMES FOR UBS.....???........how much.....???.....
lowball, of whatever amount................may only net the UWBI SHEMALES a dollar per, on sonterra.....??.......
accordingly, boxcars, per, ENDGAME, paid out, soon........dat be today's hyper-speculation.............GO REDSKINS............
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I guess the Receivership Balance Sheet Summary page is back and looks exactly the same as before, https://receivership.fdic.gov/drripbal/bank/10331
Fred
""....and be transparent...............??????....................""
Only problem with any of these seizures is, THERE HAS BEEN NO TRANSPARENCY in this nor in WAMU
BECAUSE THEY GOT CAUGHT
You and I both know this all was done to prop up JPM at the expense of BOTH UWB and WAMU which imho are all tied at the hip some how and JPM took stock in UWB in lnstead of 14 mill in cash
Fred
SO since there is NO LEGAL basis for ON HOLD, I wonder if this actually indicates there are settlement talks going on as we speak
SO...SO the FED is going to cut interest rates 1/4 (one quarter) percent, next week............................
but the USA $34-TRILLION DEBT BALANCE is not going down.....and the USA is staying in a deepening DEPRESSION..................
OMG......YET, stocks are going to RALLY straight up.........USA ECONOMY ROCKET LAUNCH........
and then in December...........another quarter percent cut...................MAGICAL..........
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FDIC (o/b/o UWB Receiver) is suing UBS GROUP AB in federal court, for PUNITIVE DAMAGES, on all of the LIBOR MALEFACTIONS................FACT 1..................
FACT 2...............the uwbi cusip shemales have $150mm in a trust account earning interest................
FACT 3...............the uwbi cusip shemales are the named SOLE beneficiaries of any and all UWB Receiver's net treasury closing disbursements.......
FACT 4...............(unable to disclose due to i-HUB's TOS)..........................
tingle..........tootle.................GO REDSKINS......................................
.................NO BEGGING.........................KEEP OUT................
.......only news EVER to come out on this POS.......your brokerage accounts HOLDING (ahem!!!) this worthless, wiped out cusip........or the USCA/2 with DECISIONS on sonterra/LIBOR....
........CHECK BACK IN 6 MONTHS OR A YEAR....................COULD BE HUGE DOLLARS IN YOUR BROKERAGE ACCOUNTS........
............more time = = = = BIGGER PAYOUT.........so lets run with this junkpile as long as we can survive...................aimho.............
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First Citizens BancShares, Inc. (FCNCA) (edit, down 91)....
$1,819.02
-81.66
(-4.30%)
what's the problem here...........????.........it's not like this AH stole your bank, or anything.....hay, wait a minute......KARMA..........
...as for legal strategy on sonterra/LIBOR...........gotta get in UBS SERGIO P. ERMOTTI's flat head...............????.......
.....the legal case itself is a stretch, but still stands and is potentially a MONSTER CASE against UBS, with a punitive damages award of $2-billion, or more...for ALL OF THE PROVEN LIBOR CRIMES...
....there is no legal escape for UBS, imo........a jury trial in Baltimore CANNOT.....CANNOT.....CANNOT......happen.......too risky and ABSOLUTELY NO GOOD CAN COME FROM A JURY for UBS..........maybe, they tag UBS with a billie........but they will do whatever the plaintiff lawyers ask......100%.........
.....WIN WIN WIN WIN................for the UWBI femdoms.................longer chase = bigger catch.........................aimho..................
....STATUS ON ANY FACET OF THIS WORTHLESS POS............?????.....................
....the Receiver's last recovery for UWB.............the sonterra/LIBOR case, sitting at the USCA/2......????......
.....the main, sister case was "court settled" last Thursday and we believe this allows the USCA/2 to render its decision on the cross appeals on our spin out case..........
.....UBS legal team might want the USCA/2 formal "DECISION" which should come at any moment, before settling.......might be smart or not smart.....F**K 'em either way for not settling, yet........
........................??????..............some type of remand, clarification, or even a directed move for an amended petition.......???.....anything, please.....
.......STILL VERY, VERY SERIOUS, however weak and frivolous.........ANTITRUST has been established against UBS......any, any hint by the USCA/2 to establish a trial..........for actual damages.............GIVES US THE "LAWFUL LEGAL AND LICIT RIGHT TO ADD PUNITIVE DAMAGES TO OUR INQUEST" for all of LIBOR..........................UBS legal team knows how dangerous this is.................immeasurable, imo...........$10-billion, easily, or much more...........
.............tingle, tootle.............no worries...............wake me from my nap, if there is ever any money pumped into our brokerage accounts from this POS..................aimho.......
Big Lots prepares bankruptcy filing with plans to sell stores, Bloomberg News reports.........
BIG was a stock that would have cost me a millie..........although after the 1st meltdown, we proposed a structured BK - - which BIG is doing.......
not getting our money.....YET.....on UWBI...........is a BLESSING from the almighty.................
CLICK............CLICK...........fellow fairies.............$12.50 per...............SERGIO P. ERMOTTI is soft as F**K......he ain't gonna fight.......watch......
.............aimho.............
I’ll take the $12.50, because you are probably off a few $$ and it really doesn’t matter anymore. We just need to be paid before the end of the year if horse face gets in office.
I'D RATHER HAVE THIS sonterra/LIBOR problem.......than not.......................................
UBS is on the ropes, BIGTIME..............loaded with cash and guilt on LIBOR has been established................
UBS cannot win and legal chicanery will only make the ultimate payout.......BIGGER AND BIGGER...................
GIVE THANKS AND ADORATION TO THE ALMIGHTY FOR THIS BLESSED GIFT............................
UBS' legal team is failing mightily.......those incompetent bloodsuckers need to make a deal..............today...............aimho.........
............WIN.............WIN..................Bathysiderodromophobia (this is a real word = warped claustrophobia).....BOB........
.........$12.50 per, in a few days...............or $21+ per, in a few months, or even a year......................
....if UBS allows our suit to continue...................DOOMED............100% jury calculation of PUNITIVE DAMAGES FOR ALL OF LIBOR........
....DREAM BIG, Mr. Bathysiderodromophobia BOB.......TALK BIG.....WALK BIG.......BIG WILL HAPPEN, even if your balls are small, teeny tiny.......
.....we got this, Bathysiderodromophobia...............even if sonterra collapses or we drop the suit...........disaster = $10.50 per, in 10 days......we have that, now...............aimho............
Would be nice IF IF IFIN, but!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!
..........."few days"......................"few days"................................?????................
every disbelieving RUME RUME that waffled out of Denver on the infamous POS cusip.......had a core of truth to it.....every one..............
the LIBOR suit is a stretch......you creeps actually BOUGHT the sonterra futures trade claim from the DENNIS plaintiff, on the Buchwald LIBOR suit that just settled.......outrageous chicanery......then, you and your FASCIST BULLY partner........the FDIC are trying to shake down UBS GROUP AG...........for PUNITIVE DAMAGES ON ALL OF LIBOR.......what the hell is wrong with you non-bines......??.......my goodness gracious.......greedy socio-paths.......
poor Mr. ERMOTTI..............sad SOB...............is begging for a STOP TO THE LIBOR MADNESS..........STOP............$650mm.............????..............
FEW DAYS............?????..................................aimho...................
...........................JANUARY 20, 2025.........................
WOW.....that's the date of the NCAA college football national championship game..........OMG.................
and............the DAY WE RESTORE THE CONFEDERACY...........or the 1st day of KAMAL TOE EMHOFF's 8 years as usa president.....????.........
and............the BIGGEST QUESTION OF ALL........will the UWBI non-binary shemales have their yum yum.........???.......
no worries........ARMAGEDDON.......WW3.........8 years of president kamal toe emhoff......global warming...........nukes level the planet......YAWN......
we hopes that money on UWBI is in our cargo shorts long before 1.20.2025...........if it ain't, that means it is getting BIG......$21+++ per BIG.....aimho......
UBS AG
Represented by
Eric Jonathan Stock
(212) 351-2346
Fax: (212) 351-6345
Gibson, Dunn & Crutcher, LLP (NY)
200 Park Ave.
48th Floor
New York, NY 10166
ATTORNEY TO BE NOTICED
Jefferson Eliot Bell
(212) 351-4000
Fax: (212) 351-4035
Gibson, Dunn & Crutcher, LLP (NY)
200 Park Ave.
48th Floor
New York, NY 10166
ATTORNEY TO BE NOTICED
Lawrence Jay Zweifach
(212) 351-4000
Fax: (212) 351-4035
Gibson, Dunn & Crutcher, LLP (NY)
200 Park Ave.
48th Floor
New York, NY 10166
ATTORNEY TO BE NOTICED
Mark Adam Kirsch
(212) 351-5391
Fax: (212) 351-5328
Gibson Dunn & Crutcher (Ny)
200 Park Ave
New York, NY 10166
ATTORNEY TO BE NOTICED
we are former devout christians, so we can't wish pain on another child of the almighty............
but if we could....Frank Brown Holding, Jr....world's biggest AH.....or at least in the top 10...
and his FAILING CREDIT UNION....FCNCA....$1,898.10...-54.32....(-2.78%)....timber...
FCNCA makes hundreds of millions$$$ of commercial loans every month.....maybe even a billie per month......???.....
hope - hope holding frankie's junkpile bank FAILS......(after we get our money from his criminal act, imo).............
Fairness Hearing was held 9.5.24.......the entire ORAL hearing is available online.........this case is done and gone......note that Judge Buchwald totally favors the plaintiffs in the LIBOR disputes.........our trial judge V.S. Broderick favors the beaten down LIBOR perps and thinks we are piling on......???.....
No worries on any of these related cases.........our sonterra/LIBOR suit is all that matters............
We are confounded?? by the USCA/2's lack of any public filing, much less a formal DECISION......the court is obligated to keep the legal process moving.......??...
At the 4.30.24 ORALS on our case, judge Naomi was referenced numerous times and all prior legal matters were stated, by the judge to be completed.......the jurisdiction, the standing, the assignment validity and the securities definitions...............check, check, check, check.......and the defense put up a wonderful oratory on the frivolous nature of our claim - - WHICH ARGUMENT WAS TOTALLY RENDERED NOT RELEVANT BY OUR COUNSEL AS THE DEFENDEMENT ATTY WAS ARGUING A MOOT POINT LONG ADJUDICATED.................oh yea!!!!!!!!!!!!!......
bottom line...........we have UBS SERGIO P. ERMOTTI BY THE BALLS..............once we get the decision to allow us to request a trial, which is actually part of the appellate court decision.............GAME OVER...................GREEN LIGHT FOR A TRIAL..................GAME OVER...............GAME OVER...................
then SERGIO STARTS BEGGING........first word out of SERGIO'S lispy mouth is a "number".......a dollar amount....begins with the letter.........."B"........"B".......aimho........
Wow, it sounds like they don’t have to have it anymore.
"There is no just reason for delay in the entry of this Final Judgment and Approval Order, and immediate entry by the Clerk of the Court is expressly directed pursuant to Rule 54(b) of the Federal Rules of Civil Procedure. (And as further set forth herein.) IT IS SO ORDERED. (Signed by Judge Naomi Reice Buchwald on 9/5/2024) Filed In Associated Cases: 1:11-md-02262-NRB, 1:11-cv-02613-NRB"
So is the Judge saying above, that there won't be a Fairness Hearing in October?
thanks,
ND9
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UNITED WESTERN BANKCORP INC. (UWBK)
Shares Outstanding: 29.26
PR FROM FEBRUARY 2011 ANNOUNCING COMPLAINT AGAINST THE OTS (OFFICE OF THRIFT SUPERVISION):
DENVER--(BUSINESS WIRE)-- United Western Bancorp, Inc. (the "Company"), a Denver-based holding company whose principal subsidiary was formerly United Western Bank® (the "Bank), today announced that on February 18, 2011, the Company filed a Complaint in the United States District Court for the District of Columbia against the Office of Thrift Supervision (the "OTS"), the Acting Director of the OTS (the "Acting Director") and the Federal Deposit Insurance Corporation (the "FDIC").
On January 21, 2011, the Acting of the OTS, in cooperation with the FDIC, seized the Bank and appointed the FDIC receiver based on three alleged grounds: (i) the Bank was undercapitalized and failed to submit an acceptable capital restoration plan ("CRP") within the time prescribed by statute; (ii) the Bank was likely to be unable to pay its obligations or meet its depositors' demands in the normal course of business; and, (iii) the Bank was in an unsafe or unsound condition to transact business. The Company alleges in the Complaint that none of these grounds existed at the time of the seizure.
A. Gibson, Chairman of the Board of the Company said, "The seizure order issued on January 21, 2011 by the OTS, appointing the FDIC as receiver, is arbitrary and capricious and lacked any rational basis in applicable law."
The Company's Complaint refutes the allegations made by the FDIC and the OTS, and importantly, among other facts cites:
The Acting Director of the OTS, without any reasonable basis, concluded the Bank had failed to submit a CRP acceptable to the OTS. However, despite the statutory requirement that institutions be given a reasonable time to submit a CRP, the OTS demanded that the Bank submit a CRP within seven days, a clearly unreasonable request in excess of its statutory authority.
The Bank's capital position provided no basis to accelerate the standard 45 day time frame for filing a CRP. On December 3, 2010, the OTS directed the Bank to take a capital write-down with the intent of lowering the Bank's capital ratio as much as necessary in order to create the illusion that the Bank was not adequately capitalized. The result of this arbitrary and capricious directive was to lower the Bank's total risk-based capital ratio to 7.8 percent (which is only 0.2 percent below the 8.0 percent ratio required to be considered adequately capitalized). But for the OTS's arbitrary and capricious directive, the Bank would have remained within the technical definition of adequately capitalized and not been subject to the requirement that it submit a CRP.
The Company believes that the seizure of a Bank with a reported total risk-based capital ratio of 7.8 percent and a pending recapitalization is unprecedented. If the standard applied by the OTS to United Western Bank was uniformly applied to banks across the country, a significant number of those banks would be subject to immediate seizure. The majority of the institutions closed by the OTS in 2009 and 2010 were critically undercapitalized, meaning that the ratio of tangible equity to total assets was less than 2 percent. A number of these institutions were insolvent; for example, one of these institutions had a core capital ratio of negative 7.11 percent and a total risk-based capital ratio of negative 7.36 percent.
The Company's research suggests the OTS has not accepted any CRP submitted to it during this financial crisis. Instead, the OTS appears to reject CRPs as a matter of course, regardless of merit, and then asserts that the failure to submit an acceptable CRP is grounds for receivership. The rejection of the Bank's CRP was part of this unreasonable pattern by the OTS.
No grounds existed for the Acting Director to reasonably conclude that United Western was likely to be unable to pay its obligations or meet its depositors' demands in the normal course of business. The liquidity concerns asserted by the OTS and FDIC were based on their unfounded disapproval of the Bank's 17 year-old business model and a fundamental misunderstanding of the Bank's long-term, contractual relationships with certain of its institutional depositors. There was no rational basis for the OTS or FDIC to conclude that the Bank would not continue to effectively manage its institutional depositor relationships as the Bank had for almost two decades, including through the worst of the financial crisis in 2008 and going forward. The institutional depositors would have maintained funds on deposit absent an arbitrary or capricious action by the OTS or FDIC to force withdrawal of such funds. The Bank repeatedly, most recently as of January 20, 2011, advised the OTS that this was the case. The Bank had ample liquidity to pay its obligations and meet depositor demands.
The Bank had over $400 million of cash at the time of the seizure, which represented approximately 25% of total deposits on January 21, 2011.
The Company and the Bank were very close to completing a recapitalization transaction of $200 million, with commitments in place of $149.5 million and parties identified to complete the transaction at the time of the seizure of the Bank by the FDIC. The completion of this transaction would have eliminated the need to seize the Bank, thereby avoiding a significant loss to the Deposit Insurance Fund. This information was provided to the OTS on January 20, 2011.
The Company is represented in this law suit by its internal counsel and certain inside directors of the Company and certain former inside directors of the Bank are represented by BuckleySandler, LLP of Washington, D.C. and certain independent directors of the Company and certain former independent directors of the Bank are represented by the Washington office of Paul, Hastings, Janofsky &Walker LLP.
I am not sure you understand, don't confuse the moneys that belong to the Bank (the ITR and JPM moneys due) even if the Government did not take the Bank, those moneys are the banks.
The government is liable because they took the Bank, our asset, our constitutional rights, under color of law and tired to defraud all of the shareholders as well as the employees the credititors and others. took assets held in the Banks Name and deprived all of us including the community. They Tarnished the management and the Banks Business reputation. I ask you what is it worth? An Unconstitutional move by government thugs.
And now they don't want us or any body to talk about the cover up
Jim Peoples, former CEO, left, and Guy Gibson, former chairman, are challenging bank's takeover.
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