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Re: climberprof post# 188370

Wednesday, 04/14/2010 3:54:51 PM

Wednesday, April 14, 2010 3:54:51 PM

Post# of 730005
Based on my understanding, the two actions are procedurally distinct - so the stipulated settlement (per contractual agreement which contractually bars future claims) or judicial resolution (per final judgment on findings of fact/law which bars relitigation of the same issues/claims) in bankruptcy action will likely have no preclusive effect on the Texas action unless parties within the Texas action have existing claims (or standing to assert their claims but failed to do so) within the bankruptcy action. Thus, JPM and/or the FDIC will probably have to settle that case separately.

I'm not quite sure whether pre-seizure shareholders or employees will have standing to file a class-action following settlement or judicial resolution.

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