Folks this is a very "on point" statement, so true and to the facts. I have a feeling THJMW will no choice, but to rule DIMEQ debt in Class 12 or she is going to open a big case of Litigation Morass, that is going to go much deeper than she or this court wants it to.
She gave equity the IT, the gifting of Anchor to JPMC in the GSA is illegal on its face, the debtor can not hide behind a BK shield in the gifting and in front of it for claims against Dime, it doesn't work..
Just like she has ruled the American Litigation proceeds is to go into the Liquidation Trust, she has to rule the Liquidation Trust has to pay out the DIME proceeds or she will endanger the NOL's, further dilute the commons, start lawsuit appeals that will use "exigent circumstances" to stop confirmation so Art Steinberg can call in some favors and be heard. This guy was not born yesterday and he has shown this judge what he can do and what he knows. He knows his client has legitimate claim that is not equity. If they are equity, then they should basically be put in a class above all equity classes and be paid off before any common shares are issued to "old stock" In His Opinion not mine!
Dimeq has to be settled before the DS, because we can not legitimately have a vote without knowing which direction we are going and the fact that the debtors did not follow the Judge's recommendation and "ring fence" the 337M is cause for concern to this court..
Sometimes You Just Have to See the Light Thru the Trees !!!