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Re: Large Green post# 333216

Monday, 09/05/2011 7:05:09 PM

Monday, September 05, 2011 7:05:09 PM

Post# of 730273
I think this is what you may be looking for…..

Mr. Sacks for JPMorgan Chase

Starting on page 97

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The equity committee has moved for standing to seek

4 either a disallowance or presumably equitable subordination of

5 the claims of these four entities. If Your Honor has any

6 belief that they have engaged in inappropriate conduct, you

7 should address that conduct with respect to them and their

8 interest but not everyone else who is an innocent party who is

9 not involved in any of that trading activity. So again, while

10 I don't say –

11 THE COURT: Well, does the debtors' plan allow that in

12 your opinion?

13 MR. SACKS: I think they do. I do think so, Your

14 Honor. If you were to find that the equity committee has the

15 authority to pursue this claim, I believe that you could

17 subordination after confirming this plan.

18 THE COURT: All right. Thank you.

http://ghostofwamu.com/documents/HearingTranscripts/08-12229-20110824.pdf

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