Hi all,
New to the board after lurking for a few days and I've enjoyed it. The Lehman issue has me wondering if any of you would like to share any strategies as to some of the significant dates coming up. It seems there will be a summary jusdgement concerning the deposit issue perhaps on the 9th (see below). It seems to me that you would see a huge jump (not the whole jump) in WAMUQ after the decision for the next few days and you might be able to sell off safely before any corrections and catch the Lehman decision on the 15th and possibly pick up some more action there before things start happening again (in court) with WAMU later in the month. Any thoughts? Sorry in advance if this topic has already been discussed.
By the way, could someone point me to a thread for the valuation estimate if the deposit issue is ruled on favorably? I'm merely taking the 4.4b/1.7b approach, but I'm not sophisticated enough to know if that's just plain wrong.
THANKS!
Below is the court transcript reference above.
Exact transcript regarding the date of the $4b turnover action:
MR. ELSBERG: Your Honor, if I might, I was just hoping that I could raise the issue of scheduling a hearing date for the summary judgment motion on the deposit issue, and we would propose, if it works for you -
THE COURT: Have I seen - has the briefing been completed?
MR. ELSBERG: Yes.
THE COURT: When did the notice of completion of briefing get filed?
MR. ELSBERG: We?ll file a notice today. We?re hoping we could just get something on the calendar, if Your Honor is agreeable, for the week of October 12.
THE COURT: Is that the week of - that?s the week before the NCBJ?
MR. ROSEN: I think that?s right, Your Honor. I think it is the following weekend.
MR. SHIEKMAN: Your Honor, could I ask . . . (microphone not recording) the following week?
THE COURT: The following week I?m out.
MR. SHIEKMAN: (Microphone not recording.)
THE COURT: I?m going to ask the parties, I?m going to talk to Ms. Capp, I?m not going to set, but as I understand it, the parties are suggesting then the week of October 25th?
MR. ELSBERG: Or, Your Honor, we would prefer October 12 or if it could be October 8 or 9, and if it can?t be sooner then, yes, the following week.
THE COURT: Well, it can?t be the 9th.
MR. ELSBERG: Okay. We can try to work it out together. We can work it out together.
THE COURT: Okay.
MR. ELSBERG: Thank you, Your Honor.
THE COURT: Get a date from Ms. Capp. Thank you.
MR. ROSEN: Thank you, Your Honor.
AI
