...Dude: I thought sonterra, originally, back in 2018, was a formality, like with RBS.............the FDIC was a member of a plaintiff class via the UWB Receiver, on a fringe LIBOR suit...........nothingness............will settle, and the Receiver might net $30mm (wasn't RBS right at $60mm, net to the FDIC, after some legal wrangling??)...............anyhoot.............sonterra, (yawn), take a year and get the UWBI sewer rats another dollar per.................???...
.....then I read the Deutsche Bank settlement proposal...........and then I read most of sonterra..........and the appeals and the sideview briefs, one from Neal on the venue shopping, we won after fighting to the SCOTUS for two years (SCOTUS said "no more libor"...??).............
.....the DB settlement narrative was super weird and painted a picture that an inner city, urban jury could get emotional and award a punitive damages judgement of $2-billion............????...............and I believe the FDIC, as receiver, is one of only 5 named members of the plaintiff class...........
.....the main suit is being held up by two related cross appeals.........which have been at the USCA/2 for almost 4 years (COVID cost 2)........
.....imo, the main sonterra suit is a totally over-written legal mess.............technical issues, imo.............the Antitrust laws, sherman and clayton APPLY, imo as does that commodities law............all 3 BREACHED............slam dunk.....................but our appeal is to add back the 15 other defendant banks......
...............UGLY, UGLY MESS............we could cash in BIGTIME, but I'm not feeling it, for some reason........we should settle, now, imo......not cheap, but this suit could go on for years and years and get back to the SCOTUS..................those 15 banks should be added back to the defendant class......which complicates the F**K out of the basic suit.............................whatever.................lowball today, or 3 more years of torture for BIG BUCKS............????......aimho...
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