.....re: income tax refund which could = $105mm...............the related case law precedent, still in the courts.......uwbi/uwbkq which LOST its income tax refund to the FDIC.....and lost the appeal at the FDC......filed a petition for the SCOTUS.............and we learned the SCOTUS appeal was DROPPED after the FDIC's response to the SCOTUS petition was read............
.....still a mess, and the case law precedent remains.......but the uwbi ITR decision was based upon a TAX ALLOCATION AGREEMENT wherein the HOLDCO subsidiaries each pay in a portion of the federal taxes...........FNBCQ, we believe had no tax allocation agreement..........the bank paid most of the taxes and deserves the refund after the losses are posted on the amended tax returns...........???.........
....CONCLUSION re: $105mm ITR............still WINNABLE, imo..........or at least actionable after the amended tax returns are filed, etc...........
.....as for the overall possibillities: selling the NOLs, etc..........BLEAK............4+ years from now and lots of worthless litigations..........FDIC holds all the cards, imo and is still mad over that $3.5mm that the bank officers grabbed before the SEIZURE..................
