...My legal adviser made 2 BIG COMMENTS...
...1. The Judge needs a mountain of evidence to NOT DISMISS THE CLAIM......meaning there is a strong likelihood the decision will be to uphold the receivership.......just an opinion but there it is......WE LOSE.....
...2. The legal counsel for UWBK took the case long-term on a contingency basis and probably engineered the BK. My counsel's opinion is the attorneys would never have taken on the gov't with a contingency arrangement UNLESS IT UNDERSTOOD THE TECHNICALITIES OF THE BANK CAPITAL REQUIREMENTS AND THE BANK EXAMINER CRITERIA FOR A SEIZURE.........................just another opinion but valid....
...As for a settlement, and knowing that Guy said no possibility whatsoever.............................we - ME - I believe the OCC could be directed by the judge to settle the case unless the OCC gets feedback from the judge that a ruling would favor UWBK...THEN THE OCC WOULD THROW OUT SOME NUMBERS......Guy is the man, but he would probably take a $250-million deal......attorneys get 30%, employees 2%, creditors get $29-million and shareholders get $130-million or about $4.00 per share....................I do believe this................
...all info. herein is just my opinion and at this juncture, the market is saying we get a morsel of the BAC money ONLY and STIFFED by the COURT..........................onward........
