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Post# of 736058
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DudeBug

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Re: mordicai post# 154659

Thursday, 02/25/2010 11:33:36 PM

Thursday, February 25, 2010 11:33:36 PM

Post# of 736058
Posted by Mordicai earlier today. Moving it up because his good legal thoughts on settlement before reorganization (3/26 exclusivity date) ends makes perfect sense.


http://investorshub.advfn.com/boards/read_msg.aspx?message_id=47082201

Posted by: mordicai Date: Saturday, February 06, 2010 5:33:58 PM
In reply to: None Post # of 154658
The reason why JPM and the FDIC will want to settle this within the bankruptcy is to obtain the non-consensual third party releases. As long as JPM and the FDIC contribute to the reorganization, they will be able to stop dead in their tracks the texas bondholders case, the wmb bondholders, pre-seizure wmi shareholders, and other creditors from pursuing claims against JPM and the FDIC once the reorganization plan is approved.



http://www.munsch.com/newsstand/articles-195

https://www.whitecase.com/insolvencynotes_0408/

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