I'm worried about the lack of media following this case.
We (shareholders) are witnessing how events occur in a manner we've been talking about years. But I find it 'funny' that there is no media covering these issues.
For example all the IT allegations and hearings. None of the main media reported (AFAIK) anything about these hearings involving the 4 SNHs but for example, they announced the settlement of WMI former directors with the FDIC, which IMHO is a second class issue compared with the IT charges (FJR applied, profit disgorgement, probably jail time, EC driving the BK...)
Call me paranoid, but with this recent 'Aurelius partial objection withdrawal' I think elements are aligning to make the deal closed and rubber stamped by the judge, and then only a few shareholders will continue suing (because they will probably have to pay attorney fees at their expense) and with those left, yes, I wee there is a possibility to obtain some kind of settlement.
As I've said many times during this BK, I've learned that what a layman like me might consider unfair, if it's legal, there is nothing to discuss. During the confirmation hearings we've witnessed many testimonies that we would think would made POR and GSA 'unfair', but only judge can tell. BTW, I didn't like the way THJMW closed the door to Bet, it looks like she didn't want any new matters 'in her way'...
Anyhow, I remain a little confident that the POR will (again) be denied and have some hope that the EC (or an appointed trustee) will gain control over this BK. I think BR is playing his cards 'urging' the judge to have this POR approved, but I think we now have too many ACEs in the sleeve that he didn't count on when he first presented POR v.6 (IT, ANICO, Stern...)
But don't forget it. Unfair (to us) doesn't mean ilegal (to them).
P.S: Does anyone remember SCIOTO and how the DS was approved with over 600 objections? Beware and good luck to all.
