Sunday, July 15, 2012 9:43:57 PM
It's a BK and you play them yourself because you know they have a history of running . Whether it runs or not is the big question.
Again, Voting yes does NOT stop and future legal actions and I'll post the facts again. Typically Corporations protect individuals from being sued except in cases of Fraud or Gross Negligence.
Voting NO opens you up for getting absolutely nothing because you never know what the investigations will turn up. Perhaps they did nothing wrong at all and then where are we? Right now, I hope the judge gives us more if it actually gets that far.
9.4. RELEASES. ON THE EFFECTIVE DATE, THE DEBTOR, THE REORGANIZED
DEBTOR AND THE CLASS 2 PREPETITION LENDERS (COLLECTIVELY, THE
“RELEASOR PARTIES”) SHALL BE DEEMED TO HAVE RELEASED AND
DISCHARGED TO THE FULLEST EXTENT POSSIBLE THE CLASS 2
PREPETITION LENDERS AND ALL PRESENT AND FORMER OFFICERS,
DIRECTORS, AGENTS, ATTORNEYS, INVESTMENT BANKERS, FINANCIAL
ADVISORS, AND PROFESSIONALS EMPLOYED BY OR ASSOCIATED WITH
THE RELEASOR PARTIES (THE “RELEASED PARTIES”), OF AND FROM ANY
AND ALL CLAIMS OR CAUSE OF ACTIONS, WHETHER KNOWN OR
UNKNOWN, ASSERTED OR NOT ASSERTED, SCHEDULED OR NOT
SCHEDULED AND WHETHER ARISING UNDER THE BANKRUPTCY CODE
OR OTHER APPLICABLE STATE OR FEDERAL LAW, ARISING FROM OR
RELATED TO ACTS OR OMISSIONS (EXCEPT FOR GROSS NEGLIGENCE OR
INTENTIONAL FRAUD) OCCURRING ON OR BEFORE THE EFFECTIVE DATE
OF THE PLAN AND THE RELEASOR PARTIES COVENANT NOT TO SUE ANY
OF THE RELEASED PARTIES WITH RESPECT TO THE CLAIMS RELEASED
HEREIN.
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