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Wednesday, June 14, 2023 11:52:56 AM
Yes BOB.Rosen mentioned that "Retained Assets" and "Equity Committee concerns" in the same context.
Justin Nelson's profile mentioned about LT as follows.
"Equity Committee of Washington Mutual. Representing the Equity Committee, Justin helped the equity holders in Washington Mutual receive stock in the re-emerged company and a substantial role in the Liquidation Trust. "
https://www.susmangodfrey.com/attorneys/justin-a-nelson/
Why specifically mention about the role of EC members on LT if there is nothing burger?.
The question one should ask is,can the court allow equity holders control the assets way before secured note holders?.Then i found something very interesting called "Constructive Trust Claim".
Its very interesting.
https://www.gibsondunn.com/wp-content/uploads/documents/publications/Millet-BewaretheConstructiveTrustClaim.pdf
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