I would agree that the Global Settlement is dead.
Hell, I want to strangle Mr. Park along with Brooks. Its too bad they just got fired now. That said why would any law firm want to work with Brooks, none of them are getting paid. (How will these guys get paid?)
If you look in the BK docket, 2535 you see that the debtors attorney and others were still looking at a global settlement as late as 8/21 with judgement on 8/22. Aargh.
I saw the thing from Mr. Goldstein that you mention below. I'm not knowledgeable about what Rule 38 really is and my google skills are limited. However, isn't point 3 in the same document argues that any restitution should occur before the $65M of forfeiture assets already collected. If correct (and I don't know if they are right) then that means that in theory the company and former shareholders should have first rights to the $160M that is seized before the $65M taken by the gov. This seems to be a positive for the company as increases the size of the potentail available funds especially since the gov agrees with over $100M to the company.
I agree that this is going to take a while. Hell, the 12/16 hearing which was originally scheduled for Sep in now mid-Jan and I bet get pushed again.
News 
Market Data 
Discover 
