Reading court filings are always a great idea. Some of them are quite long, but it helps to read the entire document rather than just the pages I or others point as interesting. However, I would direct you to Pg 79 of their first amended complaint, VIII CLAIMS FOR RELIEF. They challenge the entire conservatorship. The court cannot give pre-conservatorship shareholders 100% of their equity in the corporations and the later shareholders only 20.1% of their equity. Same applies to conservatorship for current shareholders, but no conservatorship for legacy shareholders. And so on.
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