Love it! Somebody just woke up.

Well...in that case you better brace yourself regarding the disappointment coming your way. No ones what might be the outcome of this BK but my bet is that even if they (FDIC/JPM) pay that amount it will be a long way till we see that.

Reading your post i get the impression that you are thinking of WaMu as a bony carcass. But there is plenty of meat to be found on that carcass. Let alone the possibility of resurrection or the idea that WaMu isnt dead at all. We are talking about assets worth of $30bn+.

Thats my taking as well. But its the one thing, mentioned in other posts i cant figure out: Would Susman agree to an adjournment if the talks were about discovery only?

I just dunno.

Besides the twitter feeds: Is someone of you listing in via phone?

He probably will tear BR apart about the discovery requests and the (non-)proceedings. I am also expecting a strong voice about the examiner request.

Now i am excited. I'm having a smoke and will be switching to read-only-mode.

Yeah, cant wait for the june billing. They're doing an awesome job.

Agreed. There is a lot on the table.

Nice to see the gloves have come off (exhibit 7).
Reading that filing i expect Susman to deliver a strong Performance at the hearing. I don't see a way for the debtors or JPM or the FDIC to avoid discovery or the examiner.

Burst Basket (BA): A burst basket is a stock transaction that involves the sale/purchase of a basket of stocks. A basket is an entire portfolio of stocks ranging from 5 to 50 different stocks from different sectors, which are purchased together by an equity specialist.

Dont worry! They spent hours and hours with PJS in New York, in Delaware and on the phone. Its all in this billing.

Looks like PJS is directing the discovery and valuation process.

And keep in mind that this is the billing for may. I am impressed how fast they got started. They were running on full steam from the first day on.

Got it. Its signed by Judge Brendan Shannon. Probably covered for THJMW's holiday.

SUMMARY OF THIRD MONTHLY APPLICATION OF ASHBY & GEDDES, P.A.,
AS DELAWARE COUNSEL TO THE OFFICIAL COMMITTEE OF EQUITY
SECURITY HOLDERS OF WASHINGTON MUTUAL, INC. ET AL., FOR
ALLOWANCE OF COMPENSATION FOR SERVICES RENDERED
AND REIMBURSEMENT OF EXPENSES INCURRED FOR THE PERIOD OF
MAY 1, 2010 THROUGH MAY 31, 2010

http://www.ghostofwamu.com/documents/08-12229/08-12229-4864.pdf

p. 42:

Whats up with this order? It doesnt look like THJMW's signature:

http://www.kccllc.net/documents/0812229/0812229100702000000000013.pdf

And in the first filing (filed in "error") they made it look like Susman signed it. But Susman told them the same like the TPS holders did: Stick it up your khyber pass!

Thanks, Don! Have a great weekend yourself.
And thanks for your effort and input regarding this board. It is very much appreciated. I always look forward to reading your posts.

cheers from overseas,

maekuz

Now he is making a clown of himself, BR that is.

I think that has been the strategy of Mike Willingham from the very start. He has accomplished that in the Mirant case and will do it for WaMu as well.

Yeah, that McD case is well known... :)

@all: Are there punitive damages in BK law or would that request a trial or something?

Thats a big difference to american law: No punitive damages in german law.

As a lawyer in germany specialising in antitrust- and competition law i have seen this many times.
We sued hundreds of companies to get 30% of our money back. They refused a discovery request and now have to pay 100% back.

I don't think we will see any goods put on the table by the examiner. As soon as the examiner asks for JDs email account to be handed over the pain threshold will be reached.

No, of course you can. Just did it myself in a couple of law suits.

Maekuz

Rechtsanwalt

Looks like some people don't want to be without shares for the upcoming long weekend.

Exactly my sentiment. The BR show will soon be over. The examiner will take over.

Lemme point you to a saying we have in germany:

The opposite of good is having good intentions.

I don't want anybody to speak on my behalf may he have the best intentions. And any shareholder who speaks up in court will speak for all retail shareholders - no matter if he wants it or not.

I beg to differ: Its exactly that way.

That is the crazy thing:

He knows we will get most likely get our sh-meeting and at least a limited 2004 (if not the examiner himself!).

I stick to my swag: haircut to the prefs and 10 cents thrown at commons.

Or He is trying to get rid of the deadly embrace of JPM, TPG or whomever. I dunno. I am lost when it comes to Rosens motives. Guess that makes him a darn good lawyer.

Agreed. Cant think of a way for Rosen to properly explain that frivolous action to the judge. He's practically beggin for the examiner to be appointed.

Great days ahead!

aimho

Susman Must have asked for some specific info or special docs they don't want to hand over. This is getting exciting.

Its for the period of march only:

I think some traders are preparing for the unexpected happening this weekend. If i had no shares at this moment i would buy some. You know - just in case something happens over the upcoming weekend.

NO.

Can anybody please enlighten me:

Why did the court deny just compensation in this case although the constitution says so?

I am wondering for some time if they even bought some debt of WMI at some point.

I think your are spot on. Its a "natural behaviour" for an investor like TPG to hedge its investment. Why would anybody start shorting a stock with an already low pps? Because he is invested and cant sell due to a still quite large amount of shares. Keeping the rest of the shares (which couldnt be sold in time) and start shorting like mad.

Well, makes sense to me.

aimho

And probably shorted the hell out of the commons afterwards.

It reads: