susman is your typical lawyer looking to maximize his billing hour paycheck. susman sold out, plain and simple. once the judge figured out the hedgie scam it gave susman a little leverage to make the deal that rosen would agree to. the escrows were a standard ploy to get us frothing at the mouth looking for a big payday. I know how most were thinking back then and to a degree so was I. bottom line, the escrows were the carrot to get the bk finalized.
WHERE I HAVE ALWAYS DISAGREED WITH THE ESCROW DD'ERS IS THAT I KNOW IT WILL TAKE A MAJOR LAWSUIT TO BE FILED ON OUR BEHALF TO GET A PENNY BACK AND AFTER 7 YEARS, NONE FILED, THIS IS NOT GOOD FOR AN ESCROW PAYDAY.
How many times in bk do shareholders survive, not very often and getting wmih shares and escrow markers pushed it over the top.
All attorneys want to do is compromise in these types of situations so to make everyone happy.
Susman used the escrow as a hook knowing that at most, a pittance would come back to escrow holders.
What have we seen so far, nothing, why, because the fix was in as soon as we signed the releases.
The truth is slowly coming out, read wamu's latest post and follow the link, that dude is getting close to what is happening or happened.
BOTTOM LINE, COMMINGLED AND NO LAWSUITS FILED SO NO RETURN FOR ESCROWS.
all imo
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