all~don't think I've seen this Yahoo posting on our site. Credit all to that poster "opnshor" from her 14-Nov-08 07:16 PM post:
"This a fast court case, all of the legal firms before the court for hire - were approved. Re the NOL, they had two separate breaks to resolve a few wording issues. Everyone thought that everything was resolved, until one of the JPM attorneys (on the phone) seemed to take issue with the recommended change for footnote #3. She wanted to have time to review the change, or have the inclusion of the word "JPM" with Wamu bank and WFSB. The FDIC objected too the JPM (on the phone) requested change. The JPM counsel in the room, saw no reason for it. The WMI Counsel, Trustee, and Creditors counsel all thought that the language as modified was satisfactory. In the recess, when the counsels were talking, they had the JPM counsel in the room, talk to the JPM counsel on the phone to try to explain why he thought everything was fine and the issue could be concluded. In the end, the matter was not resolved - so the WMI attorney indicated that they would work the language out and provided it to the court.
Judge Walrath had another hearing at 11:30 so this issue could not be worked out further. She appeared to be uncomfortable with the matter being left unresolved. Most interesting was, when the FDIC attorney spoke - she seemed displeased (my sister picked up on this as well).
The JPM attorney and the FDIC attorney sat in the same row, though about 2 ft appart, no one else was in that row.
I asked my sister what her impression of the JPM counsel in the Courtroom was - she said "Deny Crane". I have to admit it did seem to fit.
It seems that we had more press this time, unfortunately it was a rather quiet day - not much of a show for them. Hope they continue to attend.
In short, the NOL final approval should very closely mirror the interim. Changes seemed relatively small. Only two, the hold up was the footnote. Go figure.
Finally, to the google boarder who forwarded their letter for me to take to the clerk. I did, and got a second copy stamped for you. Hopefully, he will include it. I have not checked yet.
To those who gave me emails to send court info, apparently the storm impeded the transmition - so only a few actually got out in a timely manner. Sorry, hopefully we will have better weather next time. This was a good practice run.
That about raps things up. Have a great weekend all."
~jos
