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Re: KFC44 post# 23744

Saturday, 11/13/2010 10:08:43 AM

Saturday, November 13, 2010 10:08:43 AM

Post# of 24889
Judge in this case wants easy way out....He is doing his job. He says 2008 was an unusual time in history and so fraudulent transfer claim or any other wrongdoings by management doesn't really matter..He says all these and then he finds equity to be wiped out...in 2007 it was this govt. dept took 8 months to approve merger (and hence slowed Abi down to realize merger..also no uptick rule) Govt. doesn't want to take any responsibility and finds OK to kill equity (while Bernanke is talking of raising equity prices)....How ironic is this Abitibi saga?

'Courts of bankruptcy are essentially courts of equity, and their proceedings inherently are proceedings in equity.'

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