Dime Bancorp Inc (fka DIMEQ)

[philipmax]

SIDEDRAFT. Where are you? I need you to post the Block decision here.

Anyway, Judge Lawrence Block issued the long awaited decision. As his usual style, it was brilliantly written and annotated with citations galore. He went step by step to describe each facet of this case and killed most of the JPMC/FDIC (defendants) arguments.

Bottom line. DIMEQ is entitled to $419 Million compensation PLUS $63 Million in tax adjustment (to be hashed out soon). Legal fees are approx $30 Million and JPM 15% $72 Million. Leaving approximately $380 Million for LTW holders.

Still to be illuminated is the matter of the tendered LTW of 2012, are they cancelled? Yeah! Were they stolen under misrepresentation at BK? Or are they the property of WMHI?

Outstanding LTW holder could reap $8-10 /ltw.