Friday, September 06, 2019 2:43:50 PM
This was Chapter 11 reorganization. The very fact it is Chapter 11 tells you something else remains. Not Chapter 11 listed = not up for grabs by the LT or those who didn't release. simple
The WMILT was only created to liquidate 'certain', and just enough assets to cover declared Chapter 11 liabilities. Our fight was only over being the last sole survivor to inherit what remains after BK termination - and always existed OUTSIDE and legally UNDECLARED from the BK court.
Hide the sausage, in plain sight. All legal. Happens every day in Chapter 11.
Rosen spoke about the future pursuance of these assets later on, by those who released as the EC advised. Those who didn't release, are SOL.
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