Bluzie, it is a must read, no doubt about it. Here is some additional language from today’s filing that put a smile on my face:
"Unfortunately for Defendant, it referenced the wrong agreement and is now “knee deep” in its concocted story. Defendant is exposed with no explanation for the notes to financial statements included in the Form S-1 filed by Golden State Holdings Inc. - - an affiliate of Golden State - - on September 29, 1998 (attached hereto as Exhibit C, the “Golden State S-1”) as it relates to the Final Golden State Agreement. There, Golden State specifically acknowledges that the goodwill litigation was “owned” by the holders of Golden State’s litigation tracking warrants, notwithstanding the tax efficient structure of the litigation tracking warrant."
I read a lot of court documents on almost a daily basis in the course of managing my distressed portfolio and in scouring for new opportunities. Usually it is a very tedious process but in the case of the DIMEQ LTWs, our collective counsel are actually entertaining both in their verbal communication and in their written communication. I have considered it a joy to follow this case and I have had fun with it. In this case we have been treated to the work of some brilliant legal minds on both sides of the aisle. It is not often that you get to see one legal giant impale their opponent with their opponents own sword but that is what we witnessed today.
