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Re: forestflanigan post# 128582

Friday, 12/18/2009 2:30:40 PM

Friday, December 18, 2009 2:30:40 PM

Post# of 727259
Technically, Weil should not be privy to any settlement negotiations in regard to the adversary proceedings Quinn is pursuing against JPM. Quinn was hired to maintain those actions because Weil had a conflict. So Weil may not know the status of those offers and counteroffers. Who is to say that Weil did not cause harm to this estate by not getting Quinn sooner? Who is Weil likely to get business from in the future...creditors or shareholders? That is why I always was for an EC. Walrath is going to grant one...if for no other reason than to appease preseizure shareholders and perpetuate that myth that everyone gets to be heard in court. But who better can appraise the value of the holding company's claims than Walrath? Maybe she wants an EC before the 4 billion s.j. is ruled on for equity protection. We are so much closer to settlement being obtained than ever before imho. Maybe some of the dumpage today was by those who shouldn't have had positions in this stock. Who knows. We shall see in a few days.
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