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contrarian bull

12/04/17 3:51 PM

#439583 RE: 955 #439576

NO, warrants ARE illegal



That may be true. However in the AIG case while the courts found the warrants to be illegal, the exercise of them was allowed to stand and no damages were given to shareholders.

Most likely the same would happen in the case of the f&f warrants. They will be found illegal, but the court will not stop Treasury from exercising them and the shareholders will get no relief. (Except they will be relieved of their money)