The GSA was not allowed to be renegotiated by the Equity committee . It was negotiated by the noteholders who never had shareholders interest in mind. The 363 sale also didn't get equity committee input. The equity committee's hands were tied as were their lawyers. jmho
It makes no difference TCR even Edgar who is playing the Bad guy will be vindicated in his work on behalf of the equity committee IMO. Think what you like about Susman, he did much more than you think and also was very supportive of the WMIH creation on the other half of the settlement. BWTHDIK :)