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creditors arent worried if they get paid. We actually could get paid and the creditors knowing that we will get paid wont be disclosed by them. On y! also that Rosen is gifting money to the bondholders when it has been established that the bondholders are the FDIC problem.
more on nelson and yeterday.
third paragraph second sentence for you dd demolition crew.
http://amlawdaily.typepad.com/amlawdaily/2010/10/dis.html
I thought ds has really nothing to do with us anyway. Are you hedlind1 on y!? go Hochberg!!!
how did rosen react when judge allowed ds. thanks.
not to mention they want the ds to go through right before the examiners report. But watch him (examiner) ask for 30 more days considering they want it to be finalized mid nov.
Upon approval of a disclosure statement, the plan proponent must mail the following to the U.S. trustee and all creditors and equity security holders: (1) the plan, or a court approved summary of the plan; (2) the disclosure statement approved by the court; (3) notice of the time within which acceptances and rejections of the plan may be filed; and (4) such other information as the court may direct, including any opinion of the court approving the disclosure statement or a court-approved summary of the opinion. Fed. R. Bankr. P. 3017(d). In addition, the debtor must mail to the creditors and equity security holders entitled to vote on the plan or plans: (1) notice of the time fixed for filing objections; (2) notice of the date and time for the hearing on confirmation of the plan; and (3) a ballot for accepting or rejecting the plan and, if appropriate, a designation for the creditors to identify their preference among competing plans. Id. But in a small business case, the court may conditionally approve a disclosure statement subject to final approval after notice and a combined disclosure statement/plan confirmation hearing. 11 U.S.C. § 1125(f).
No worries.
you can have the blimp.
I know you already know this but the wamu estate has received roughly $30 billion back since the examiner was appointed. Marta claim greatly reduced is the main one at roughly $29 billion. go hochberg!
happy bday! They just keep digging a bigger hole. Go Hochberg!
sticky please....go hochberg!!!!!!!
hey look in this facebook crap. It says Chase community giving. come on...give me a break.
http://www.facebook.com/brooklymc
I thought only recourse against lawyers are fee forfeiture, malpractice (which covers alot), and turn them into the bar.
I dont know about that one. Probably missed it. You did know about the Marta one I hope. My dd and reading other posts and filings says we are not double figures positive in the billions.
$1,600 in pq @ $2 and sold at high would be roughly $84,000 in 15 months. I never fell off a horse though or got kicked by a bull. 90% of the sub penny you lose (entire investment) money just to sell. They will learn to earn...
$535m was an additional return from IRS on around Tuesday. We owe our refund..
Please dont forget huge credits recently. $20 billion in Marta reduction by WA judge and the $535 million IRS. Assets should be billions double digits over liabilities now.
he really cant do anything until Hochberg is done other than waste our money (according to Susman). Enough evidence has been produced to keep us afloat.
thats the way I would do it also. Considering now is where you make the money. Its the difference between a 1000% gain and a 300% gain. It has already been .02 and went to .70
p&a is not finalized. 3.1a is missing. wamu is still alive with billions upon billions in bk. wamu can come back to banking. everything that is happening points to jpm paying a fair price for wamu or wamu being allowed to have qualified bidders for the entity. Or to have JPM and whomever is responsible to pay penalties to wamu to compensate shareholders who own the company. JPM was not qualified to purchase wamu therefore they had to break laws in order to acquire it. High volume? Did you see JPM almost 4 billion shares of common stock they have compared to our $1.7 billion? Their almost 100 million share volume today compared to our 3 million... Jpm is attempting to raise what around $6 billion this week. I bet that would not be for expanding.
you being a former da, you think trustee might look into criminal charges even after the case is settled. Havent heard much more about Dimons warrant out of Georgia either. Puzzles me how he thinks he can get out of this. Not to mention JPM shareholders going for a class action suit if he settles and the former wamu employees working at JPM now who were forced to sell their shares and transfer 401k accounts. I dont even think if he was elected or appointed to a government postition would provide him protection.
wamu actually had more money than JPM. We are in bk and actually are making more money than JPM still. It is odd. Jpm $500 million profit the quarter before wamu stolen. Couple billion here and there every quarter since. Yet Wamu still has made billions more while in bk. $4-$5 billion Nol is a start. Plus we were not into mm and precious metals like JPM was/is. A crook steals what they cant afford.
did you forget the $535 million IRS claim that was dropped or the Marta claim which by a judge was ripped by more than half (in the tens of billions)? All this within the last 2 weeks.. $.01, I dont want your $.02 worth. Good luck. Giddyup..
Susman has other obligations. There was some tribal case and now it is a divorce case. Susman presented something to Walrath in chambers that ensured our victory and is just waiting until Hochbergs report to proceed. There is really nothing he can do until Hochberg is done. He is like Geico saving us money. Or we are really screwed and there is no hope. Looking at his billings I say we are good to go.
what does Rosen gain or achieve by having this ruled on in his favor. If it doesnt matter anyway until the examiner is done with his exam, what significance does the ds getting approved have. More fees in the pos pocket?
examiner hints money... atleast at trial.
Susman has enough info and has everything at hand to go to trial provided they dont settle and examiner findings are beneficial to shareholders. He is a trial lawyer. He doesnt sweat the small stuff. When he was actually in court he had enough to present the judge to save us and go to a future trial if need be. He is paid for results as well. Goes to trial he will definitely be there every step of the way.
Jury trial cannot be delayed. thats the way to go....juries are there in court until it is finished. I seriously doubt it would drag on long. Two months maybe.
enough detail has been gathered and Hochberg is in control. Susman already knows the value here. He will be there every step of the way if this goes to trial.
according to y! prior objections exist...
Firrea does not apply if fraud was committed, correct.
fights when they are right and settles when they are wrong. I swear they have settled a couple of times this year. And have admitted no wrongdoing. I dont take that to mean they were right. Hmmm. Go Hochberg!
awesome. I guess this is one of the many related filings that had Dimon mention class action...
preferreds paid in full, commons paid $1- $4. ANY WRONGDOING GENERATES UP TO 3XS DAMAGES IN TRIAL. I think most people will hold for trial if that is the case. I dont see roughly 12 billion to settle this. Dimon has stated far more profit than what his co pai for wamu. Quarter before wamu heist JPM made $500 million profit. Every quarter since JPM has made atleast a billion per quarter profit. Dimon has said billions more to come off of wamu. Dont forget that FDIC is not off the hook either.
wont the examiner also state finds of FDIC seizing Wamus holding company, which they were not allowed to.. Another question, the y! or Ihub. Which is your fav. Thanks...Go Hochberg!!
I dont see why you concluded this as to Susman being quiet. I see susman being quiet because Hochberg was already steered in the direction Susman wanted and Susman is waiting on Hochberg for his (Susmans) next move. One attorney from that firm said it is a long way from over. Not that they would have said it is almost finished or vice versa. My point is that Susman and crew being quiet does not by any means point to it has been settled. All it means is that he is waiting on the examiner. We know we are in the right, we are just waiting on some figures. But I hope it is finalized soon.
bop said in the area of $100 billion. Thats rouughly $54ish. I stand at $8 and up to $24ish. As far as xooms post about gov. talking to Susman. He being credible or not, the guy posts about 14 hours a day and about 3 posts an hour. Susman would have no reason to comment about what Rosen filed let alone worry about it. Susman is quiet because nothing can happen until report or a settlement is reached before or after examiner report released. He claims Susman told him to call Willingham if he needed more info. There is really nothing left of importance until the examiner files his report and it becomes available to us. The examiners billings point to some money being out there or wrongdoings being done.
What is happening with the court proceedings, new and old filings, billing statements and an examiner with the possibility of a trustee later, does not point anywhere to us wanting a "fair" buyout price from JPM Chase. It all points to either:
1.wanting justice which includes damages for all the wrongdoing done to us
2.assets returned to us to afford us the opportunity to have competitive bids from different institutions/companies
3. assets returned to the rightful owners to resume banking operations
Nothing that is happening should give the impression that we are seeking a "reasonable" buyout offer from JPM Chase. Which if that were the case, JPM would have the option to purchase WAMU by any numerous ways that would be accepted as payment. Whether it be cash and/or stock, or any other form of accepted payment. We are in no way going through this headache to allow JPM to retain control of our assets.
If stock from JPM were a possibility being accepted as payment it would be a foolish decision especially since alot of people think there would be restrictions on JPM stock. Jpm could declare bankruptcy, get seized by the FDIC or even eliminate their common stock making it worthless. Jamie Dimon himself has stated that stockholders in a company should eat all the companies losses. Let alone our own government informing us that "NO BANK IS TOO BIG TO FAIL."
correct me if I am wrong. You can not settle a lawsuit with stock or pay a judgement that way. The only way stock and cash can be involved together is in a merger or a buyout. I would say I would never hire that lawyer for anything, especially if he is familiar with the case.
im glad I didnt sign up for that crap. People should return to sender. I guess our team thinks we are going to get alot of money "returned" and we dont need to sweat the small stuff. go Hochberg. lol, basically what catz said. fypos wgm.
sing it. fypos wgm! Go hochberg....to myadad, rosey forgot the marta claims reduction....what was that about $20 billion.