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Friday, March 26, 2010 10:53:40 AM
The letter also make sense: "The parties agree that it is in all parties interest to preserve the status quo in the Actions until the agreement is either finalized or abandon" So they defiantely want to come to an agreement, and going to DC court could slow down the proceedings.
" Although the parties are optimistic that they will be successful in finalizing the agreement, there is no absolute certainty in this regard or that the Bankruptcy court will approve any agreement presented to it". They are going to present the POR, but are not sure of it being approve, so they will need more time to negotiation, Dc court is not so all important, if a settlement can be reached between all parties. jmo
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