Linda, we need some legal opinion on this or at least someone that understands the system.
It sounded from MrchntDeth last post #5912 that he may be working on some legal route to this – if he could make one more post it would be appreciated. Also wall-street may have something to add as he understands this process.
Can we as a group file as Linda recommended Motion to intervene in the Anchor Litigation Proceedings even though we will need to OPT-IN for releases to get shares in NewCo. I would think there could be a way to file even with that OPT-IN as it is like having a gun to our head sign here or forfeit any right of claim. Could we file a lien on this DIME LTW claim?
The next big question would be who could file this motion? Any thoughts on a way to recover from this very low settlement that we are being forced to accept?
We could file a Motion to intervene in the Anchor Litigation Proceedings and state in the Motion that the Dimeq LTW Holders are the real party in interest to 85 % net of the Anchor Award.
The down side is - then the Defendant and Plaintiff could cite the Opinion of Judge Walrath - which states we have no Claim against the Anchor Litigation Award and are Equity Interests of WMI.