Dime Bancorp Inc (fka DIMEQ)

[philipmax]

This is a summation of oral arguments before a three judge panel of US Court of Appeals to allow the California Attorneys to intercede on behalf of the LTW owners. JPM argued that this was not the correct venue for the argument. The panel concurred.

Now, the interesting part. We all suffered the agony of the Dimeq Ltws vs. JPM/WMHI in BK court. The case cost WMHI over $300 Million. Judge Walrath decided that the LTWs were worthless warrants that expired on bankruptcy. Most of us were there for the entire performance.

It comes about that the FDIC and JPM allocated the Anchor litigation to JPM just hours before WMHI was declared bankrupt. Not just that, but in allocating the case to JPM they inserted terminology that gave JPM total and uncompromised ownership of the litigation free of all claims against it.

We were not privy to any of this. Thus the sham trial proceeded into Walrath train-wreck decision.

The Appellate Court was able to extract an admission from JPM that the LTWs are not excluded from suing JPM when judge Block
reaches the final $ determination for damages awarded to Anchor. That, our claim against JPM is valid and not expired by the POS agreement. Thus, our case was left open to seek equity from JPM.

Even JPM's attorneys expressed anxiety to reach a conclusion
to this case after 19 years of litigation.

Conclusion o my part: 4 more years.

PS I hate the new layout here at IHUB.