Spectrum Brands Holdings Inc (SPB)

[edwards]

I’ll point out some important information that is publicly available


The Judge who ruled on the approval for the re-org/bk is:

Honorable Judge King of the U.S. Bankruptcy Court for the Western District of Texas, San Antonio Division

Which is in the 5th Circuit:
http://www.txwb.uscourts.gov/information/administration.htm#king

Then you have the 5th circuit court of appeals:
http://www.ca5.uscourts.gov/

Scroll down to page 29
http://www.ca5.uscourts.gov/clerk/docs/frap2007.pdf
There is appellate information for bankruptcy proceedings and rulings etc.

Some circuits have Bankruptcy Appellate Panels:
http://en.wikipedia.org/wiki/Bankruptcy_Appellate_Panel

The 5th circuit appears to have the same but it’s referred to as a appellate panel.

"when the appeal is from a bankruptcy appellate panel, the term “district court,”
as used in any applicable rule, means “appellate panel.”

By gathering public information, it would appear that it is not over until its over imo. The Committee has 2 months to explore its options in the interest of its client base. Will they pursue further action? I do not know but I am speculating that they could.

Again, its high risk vs. reward scenario and I wouldn't recommend anyone take any position in the stock, nor do I have any professional legal knowledge that would vindicate anything I am posting here.