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Re: Lebosco post# 219332

Friday, 07/09/2010 12:19:54 PM

Friday, July 09, 2010 12:19:54 PM

Post# of 749756
Loeb&Loeb "should have held out for more" (WAHUQ)
This is just a WAG based on bluebird50's original hypothesis, but bear with me:

1. According to ilenes,

"Another poster on one of the boards and I were talking during the recess and an attorney he spoke to told him that one of the creditors (I thought one of the noteholders) said "they should have held out for more" [1]



2. Wells Fargo filed claim 2134 re. WAHUQ issues (FV $50, settled for $34.319). Here is the excerpt from the claims list:

Wells Fargo Bank National Association as Successor Indenture Trustee and Successor Guarantee Trustee
Attn Walter H Curchack Esq
Loeb & Loeb LLP
345 Park Ave
New York, NY 10154 [2, 3]



3. Vadim Rubinstein and Walter Curchak from Loeb & Loeb signed in at the omnibus hearing yesterday. [4]

[Update] WAHUQ matures in 2041. THJMFW ordered the original claim be reduced from $1.2B to about $790MM (aggregate of original discount value; see Source [5]

Sources
[1] http://investorshub.advfn.com/boards/read_msg.aspx?message_id=52102576

[2] WAHUQ Board (read iBox)
http://investorshub.advfn.com/boards/board.aspx?board_id=14346

[3] Order re. Proof of Claim 2134 by Wells Fargo Bank, N. A., as Indenture Trustee
http://www.kccllc.net/documents/0812229/0812229100128000000000011.pdf

[4] Virtual Minutes of Hearing Held on July 8, 2010 re: All Matters Continued to July 20, 2010 at 9:30 a.m. (Image Not Available)
http://www.kccllc.net/documents/0812229/0812229100708000000000007.pdf

[5] Debtors' Objection to Proof of Claim Filed by Wells Fargo Bank, National Association, as Indenture Trustee (Claim No. 2134)
http://www.kccllc.net/documents/0812229/0812229091218000000000013.pdf

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