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Re: jcpny777 post# 245836

Friday, 10/29/2010 9:56:04 AM

Friday, October 29, 2010 9:56:04 AM

Post# of 730711
Who is quoted in this article:

1. One shareholder who says there will be good news in the examiner's report. He's guessing, as are we all.

2. An analyst with CRT Capital Group in Stamford, Connecticut who says, the examiner's report "...would have to turn up a smoking gun," said Starke. "If such a document existed, one or more of the parties would have found it and used it by now." Obviously not following the case closely, Mr. Starke, or you might know that there may well have been a smoking gun found and presented to the judge in chambers shortly before she appointed the examiner.

3. A griping lawyer for the bondholders who is pissed that the shareholders are holding up the deal, that he agreed to, and that wil get his clients paid.

4. A law professor who says "Being up against the government in this kind of environment is really really tough." "In the end, what will you do? Sue the FDIC?" You forgot about JPMC, professor.

Glad to read that the author said this: "Bankruptcy courts rarely appoint examiners, but they have a history of turning up fraud and financial improprieties, as in the cases of Enron Corp and Lehman Brothers Holdings Inc."

Any legal analysis I post may not be relied upon by anyone for any
purpose. If you want legal advice you can rely on, hire a lawyer.
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