Tuesday, December 20, 2011 11:55:59 AM
As part of the resolution the Equity Committee has reached with the Debtors and other parties in interest, the Equity Committee has agreed, subject to confirmation of the proposed Seventh Amended Plan, to waive any and all rights t opursue claims for equitable disallowance and causes of action against AAOC (hedge funds) and the holders of senior notes, senior subordinated notes, CCB notes, and PIERS, and will DISMISS with prejudice its appeals of the GSA and prior iterations of the plan.
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