No need to unwind the GSA at all, and I believe that a Rule 60 motion would require a "Final Judgment," which I am not sure that JMW has entered.
More importantly, the court has ring-fenced $337 million in CASH to award to the Plaintiffs if they prevail on any of several legal theories, and I couldn't care less whether the GSA remains intact (as it pertains to the Ltw's), as the money is there to remimburse the Ltw's for the breaches by the WMI/A&M BOD's and any prior BOD defendants.
Why would I want to unwind the GSA and wait for the conclusion of the Anchor litigation, when I could take CASH money that the court will award as a result of the Defendants' breaches?
The §363 sale esstially moved the Anchor litigation out of the Estate and put it into the hands of JPMC.
Given that this is the deal that WMI sought (and which was initially concocted by the SNH's), Anchor is now in the hands of JPMC, and WMI is now on the hook for a financial award to the Plaintiffs of up to an amount of $337 million.
I'd rather let JPMC fight it out with the FDIC for the Anchor payment; I'll take CASH from the judgment that Steinberg will be obtaining on behalf of Dime Ltw holders.
But thanks for your legal advice.
As an aside, you wouldn't happen to be short a bunch of Dime Ltw's, would you? Your actions seem to indicate that you have quite an interest in the outcome of this case, and hoping that the Defendants win this one.
I don't really expect a real answer from you, as it will involve some generic, cryptic, ambiguous reply, involving something like "generally not understood by the public, blah, blah, blah."
I've seen your M.O., and you really are so smart . . . I've already told you that you're the smartest guy in the room. You know/understand so many things that are not understood by the general public, etc.
Shalom
AI
