Thursday, October 07, 2010 12:02:14 AM
Ten
From Ya,
http://messages.finance.yahoo.com/Stocks_%28A_to_Z%29/Stocks_W/threadview?m=ts&bn=86316&tid=563353&mid=563353&tof=2&rt=1&frt=1
"Example of wasting everybody's time.
So the Texas group gets an order, dated October 5.
'Order Regarding the Texas Group's Motion to Compel Production of Documents from Debtors and to Exercise Its Right to Participate in General Discovery Available to All Parties.'
Order is written in terms that permit the Texas group to participate in discovery related to confirmation of the fifth amended plan. Who wrote it-did Debtors counsel know when they approved this form of order there would be a new plan in less than 24 hours?
Then, Debtors file the sixth amended plan. Now what the heck goes on, because the order the day before only refers to discovery associated with the fifth plan. So lawyers get to bill to correct this narrowly drawn order, wasting the court and everybody's time and money. Maybe the order should have said "fifth amended plan and any subsequent amended plan" but that would be too simple and straightforward. Contempt for efficient legal process is apparent."
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