Dime Bancorp Inc (fka DIMEQ)

[marayatano]

I don't know what the HF wanted to do. It was announced during a court hearing that a main plaintiff withdrew and was no longer a part of the action.

Why would someone withdraw if they they were so confident that they were going to prevail or be in Class 12. The only logical thing I could infer is that there was a reason for that HF to "get out".


Now after the fact, we know Walrath ruled DIMEq is equity, Class 21. Now we have a Stip for 19M minus $3.2 M, plus 2.xx% based on an original $337 claim. It looks like the HF made the right decision.

I did not check, but I would look further back and see if there was more than 700K, since i am sure the withdraw was not immediately before the hearing date.



imo of course and speculation on my part.