News Focus
News Focus
Followers 162
Posts 5003
Boards Moderated 0
Alias Born 11/26/2009

Re: steel58 post# 208762

Wednesday, 06/09/2010 11:37:29 AM

Wednesday, June 09, 2010 11:37:29 AM

Post# of 749756
To Steel58: It's my understanding that the meeting takes place on the 10th. That's plenty of time for a gigantic corporate law firm with hundreds of employees to gather requested documents and deliver them across town. They probably already have the very sensitive ones segregated in a specially-locked room. My guess is that they'll start to comply with the requests by burying the EC with documents (all unimportant) and fudge on the crucial ones. That will enable them to tell the judge that they are complying. Did you note in previous proceedings that the court (and the lawyers) seemed to be impressed with the number of BOXES of documents. Weil has already figured out how to look good in this regard. As to the depositions, the court is only looking to receive proof of the fact that the parties have scheduled them. Again, Weil can look good here, and say that they are complying.

As to an examiner, it's my understanding that the parties "stand down" and the examiner takes over. He doesn't request documents. He demands them, with the court's impramatur. THAT's something that Weil will avoid at all costs.

Unleash the power of Level 2

Spot liquidity moves with access to US order books.

Sign Up