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Re: cheechmoney post# 219572

Friday, 07/09/2010 9:41:24 PM

Friday, July 09, 2010 9:41:24 PM

Post# of 735717
Susman cannot agree to any settlement, only the EC can agree through Susman as council. That being said all that will do is allow the POR to be put up for a vote and then confirmation. Should there not be enough votes or objections that have standing then I would presume the judge would set for litigation those valid objections at that time before she would confirm the plan. In other words let’s say for arguments sake we get our $24.00+ but the Cayman Trust does not get anything or just 1% they of course would object and the judge would set a trial date and a decision would be made from that as to the standing of the Cayman Trust. (Note to all, I only used the Cayman trust as an example)
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