Dime Bancorp Inc (fka DIMEQ)

[Kharybdis]

Nothing needs to happen with DIMEQ before this case proceeds to the next round of Disclosure Statement hearings. We already had 2 rounds of such when we were much farther away from a decision in our adversary trial. We have a disputed claims reserve established in case we win and this allows the main case and the adversary case to move independent of one another.

The Judge's decision on Dime certainly impacts many classes within the waterfall but her decision does not need to be rendered before we see another DS or have another hearing. In fact this case could be confirmed before she renders a decision and were it not for the IT issue it likely would have been confirmed before our trial even began. The new DS will have to outline the treatment of the Dime based on the various potential scenarios just as the previous ones did.