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Enterprising Investor

07/10/14 9:44 PM

#196 RE: h_man_investor #193

And so will I!

If there is truly not enough cash to go around, a tender offer will ensue.

However, there is a still the possibility of the class action lawsuit moving forward. Redemption would certainly make that headache go away.

Goldman Sachs is about to settle Joel I. Sher, Chapter 11 Trustee for TMST, Inc. v. Goldman Sachs &Co., United States District Court for the District of Maryland, Case No. 11-cv-02796. Sher sued for $71 million. Although the terms are redacted, the actual payment cannot be hidden from the MOR.