Tuesday, July 27, 2010 11:18:10 PM
Your three options are very reasonable - but Rosen has very little basis, if any, to object to the U.S. Trustee's appointment of an examiner. He's good, but he's not that good - and both Susman/Nelson and the U.S. Trustee have proven that time and time again as evidenced by the appointment of an equity committee and now (potentially) an examiner. The fact that Mr. Hochberg liquidated 300 shares on Monday morning won't do Rosen much good as he technically has no conflict of interest now that his interest in JPM is gone. Accordingly, I don't think option three is the issue. My instincts tell me that serious discussions might be underway - so I'll go with your option number two.
MAKINGMOVES
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