on interco claims
I agree Janum. Interco is class 8 which is junior to classes 7 and 6 (the general unsecured), etc.
I saw a post on Smurfit via H., and it's good feedback (although i do not know all the implications for interco claims that arose from this case). I'm of the view that we need to fight Class 7 claims & interests, however, right now the bigger battle is futher upstream on the recovery calculation. Currently, the Debtors' assertion is that there are billions of claims in front of both class 8 and 9 claims/interests. If we can't overturn this assertion, the issue of interco clams is moot (although i think Shareholders have voiced some important concerns over class 8 claims in prior communications).
