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Re: newflow post# 718758

Friday, 11/10/2023 3:53:23 PM

Friday, November 10, 2023 3:53:23 PM

Post# of 727364
"and stated that the claimants would be allowed to re-file their proof of claim only if and when recoveries are available to Subordinated Claim holders (Class 18). Additionally, the Bankruptcy Court denied the plaintiffs’ motion to classify such claim as a general unsecured claim, reserving such determination pending the filing of a proof of claim, and allowed the Trust to release $406.0 million of the $435.0 million which was reserved in connection therewith."
So the court did not allow them to file a general unsecured claim,were they allowed to file a class 18 subordinated claim or class 22 equity claim?.In the chapter 11 closing application Debtor's mentioned they had reconcile the remaining claims,was this case part of it?.Is the litigation going on?.
As per BARD, the litigation is in discovery between Bolier Makers Annuity Trust vs big banks,and it mentioned all lawyers involved including Mr.Rosen as counsel to certain parties.
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