I also got a Call Back from Edgar Sargent at Susman Godfrey ...
I urge everyone to call him at 206.516.3880 ...
North Carolina is a One Party Consent State and I record all my phone calls.
I will not post the recording per iHub issues but I will put what I heard in the following Bullet List ...
1. He seemed very anxious about speaking on the subject and on the defensive when I stated that I simply wanted some guidance after waiting eight years to know the possible timeframe and amount of compensation for our Escrow Share Markers.
2. I informed him that many people had high hopes that their Law Firm was going to get truly meaningful recovery for the Mom and Pop Escrow Shareholders that had been hurt by this. He immediately went into the argument that in most B/Ks shareholders get nothing. I asked him was what we have gotten so far was all we were going to get. He tap danced around that like he did with most all the issues. I should say except the ones where he seemed to carry water for and be an apologist for JPM.
3. I went into the basic ideas we have had here about what happened to KMart, WaMu Cash and Assets held Off Balance at JPM and/or FDIC, the WaMu valuation of $86 Billion, Book Value, Subs wrongly seized etc etc etc. He tap danced around those issues too and seemed very determined to say that it "Was All Settled". And, the way he said it was like he was bragging about how they covered up something?
4. I then kept at him about the FDIC duty to get Book Value for Assets given to JPM and how it was their fiduciary duty to maximize the value of the WaMu Estate and he acted very evasive and even more annoyed.
5. At this point I went back to the Kmart issue and how the cesspool of the Delware Court System robbed share holders in that case. He immediately sided with their Court System and also Judge Walrath and called her a good Judge.
6. At this point I need to go back and say that these Kmart issues was after he first said he did not know about it! WTF! He could hear the disbelief in my voice and then he backtracked to again be an apologist for the whole situation. So, he was more than a little evasive if not right out incredulous.
7. In all, a very disappointing, strained and anxious call. I get the idea that these people are either not interested in this now or maybe even ever. He many times said he has not had anything to do with this or any interest in it at all since they signed off on things years ago. I even used the words bizarre and incredulous at what he had told me. I ended with why were we given the Escrow Share Markers in the first place?! Also, if this is all we are going to get, why have they not disappeared?! He had no answer for this or would not say. Also, he kept saying "We Signed Releases!" And, my answer to that was "Yes, for something in return, not nothing or very little!". I then thanked him and asked if he had anything else we could chat about and that really seemed to tick him off. A truly bizarre call back from someone who was supposed to be a reputable entity and champion for the underdog type of Law Firm.
I am very concerned with our outcome. I have been here from the beginning and thought those who have been here since 2007 deserve to know.
The time for silence is over. We need Legal Representation NOW!
