Appealing the decision is, in effect, a legal protest against incompetence in a judge...since the action is seeking to overturn his decision. The EC and independent valuation are probably not the strongest indicators though. I would look to legal citations used as precedence for his decision.
Also, in full disclosure...I am not an attorney, but rather have worked for the last 2+ years to bring transparency to shareholders in public co. bankruptcies. I have worked with attorneys, but I am not offering legal advice here...
Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.