Replies to post #192 on TMST, Inc., 8% Senior Notes (TMA.GB)

[Enterprising Investor]

My expectation was that the first deal would set the standard and the pace of settlement would really pick up moving forward.

These cases were never going to trial. Weird things can happen. Does anyone remember Texaco, Inc. v. Pennzoil Co.?

56Chevy and I had discussed potential outcomes on these type of cases, but I do not think we ever shared publicly. I thought the estate would settle for one-quarter, maybe one-third, of total claims excluding the case against JPM. I have no idea on that one.

Thanks for sharing with us. I no longer scan Epiq daily.