I would say possible, but not likely.
It looks fairly clear that shareholders will get next to nothing regardless of the legal outcome.
If the "assets" had some important value, even from further nuisance settlements, FF would have likely kept the entity limping along for a while. So I doubt if a reorganization is in the cards.
The true value of the assets will be revealed by what someone else pays for them as part of the asset sale in liquidation. Would someone buy the whole company, rather than specific assets?
To use edig's large past losses as a write-off is tricky. You would have to keep those operations running (edig's from before the purchase) and I think you can only apply past losses against income from the same operations.
But I won't swear to the latter--perhaps someone with a solid background in tax can chime in on the latter points.
wsj
News 
Market Data 
Discover 
