First of all, the Judge is a she. Kathryn C Ferguson is very definitely a woman.
Second of all, the Judge cannot do what she "feels is right". Bankruptcy Law is about as clear as it gets. There is absolutely no discretion on the part of the judge. The Plan has already been approved by the parties involved. They are all in agreement, and the value of the assets is fixed. There is no money available to the common shareholders, and there is ZERO ability on the part of the Judge to decide the common shareholders, who are absolutely dead last in the hierarchy, can somehow leapfrog both the preferred shareholders AND the unsecured creditors and get some of the scant assets available. That is absolutely not possible and will not happen. And even if the judge somehow had a fit of temporary insanity and somehow did so, the ruling would definitely be overturned by the Court of Appeals as it would violate the law.
The belief that Judges can somehow ignore the law is a complete fantasy.
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