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Monday, October 18, 2010 8:09:00 AM
Objection
CDTSC additionally asserts that the Second Amended
Disclosure Statement must clarify the value of the BKK
Liabilities assumed by JPMC because these liabilities are
counted as consideration to the Debtors under the Global
Settlement Agreement
Response
To the extent that
CDTSC objects that additional disclosure is needed regarding
the rationale for excluding certain BKK-related liabilities from
those assumed by JPMC, the Debtors submit that any additional
disclosure regarding the strengths and weaknesses of the parties’
positions on the matter and the costs and benefits of the
proposed resolution could undermine and adversely affect the
Debtors’ strategy (to the detriment of their estates) if the Global Settlement Agreement and Sixth Amended Plan are not
approved by the Court.
Another words "says Rosen"... JPMC isn't assuming any liabilities, but we don't want to tell anyone that. I have a nice high paying position open on JPM's legal team once this is all finished so we need to move it along!
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