From Yahoo Board, intersting info
Re: Arco on the Run 20-Nov-08 10:49 am You are right and could be a lot more. Here is the key date and hearing:
Matter Set for Previously Scheduled Hearing On (related document(s) 239 Expedited Motion of the Official Committee of Unsecured Creditors for Entry of an Order Granting Leave, Standing and Authority to Investigate and Prosecute Causes of Action Against Arco and its Affiliates on Behalf of the Committee, Debtors and Debtors Estates filed by Creditor Committee Official Committee of Unsecured Creditors, 266 Objection filed by Creditor Arco Capital Corporation Ltd., 276 Objection filed by Debtor Luminent Mortgage Capital, Inc.). Hearing scheduled for 12/16/2008 at 10:00 AM at Courtroom 1-B, Baltimore - Judge Keir. (Burkhart, M) (Entered: 11/18/2008)
It might open up Arco to liability damages which will be huge for us (common) and sub/unsub debt holders.
