Could mean total dismissal, making all JPS suits moot and putting common shares in the Cat Bird's Seat.
Huh? Sweeney already allowed Fairholme's derivative claims to go forward. From what I understand, she allowed the Fisher and Reid cases to go foward as well because their claims are derivative, and dismissed Arrowood in its entirety because its claims were direct.
And what does this have to do with prefs versus commons? The Fairholme plaintiffs own both classes of shares.
GOV owns 79.9% of common equity... take Patswil's $177.00 valuation times 20.1% and common is worth $35.58.
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