Replies to post #7971 on Dime Bancorp Inc (fka DIMEQ)

[linda1]

You need to read the posts more carefully.

Philipmax has already posted a new
Settlement Agreement of $ 513,645,584.62
and a new Tax Gross-Up of $ 93,999,673.00.

We do not include the Tax Gross-Up because
the formula in the LTW Contract/Perspectus
deducts the taxes before our 85 % is calculated.

Our portion is based on 85 % of the base award
of $ 419,645,911.62 - before the tax gross-up of
$ 93,999,673.00 is added - and then divided
by 112,975,597 LTWs.

85 % x $ 419,645,911.62 = $ 356,699,024.80

$ 356,699,024.80 - divided by 112,975,597
LTWs = $ 3.157

I do not think it is a good idea to claim
$ 19.7033 - which includes the portion of
the LTW Holders who "opted in".

No way would JPM agree to this.

I think the $ 3.157 is the correct amount to
claim.

[linda1]

Please do not send Art Steinberg an e-mail.

Do you not recall in a filing in the bankruptcy
court that the reason Art could not intervene in
the Anchor Litigation was due to his Law Firm -
King & Spalding - represents JPM and there
would be a Conflict of Interest?