We are suing Schorsch, the other conflicted insiders and the entities they created specifically to receive profits that should have gone to RCAP. Profits that those entities continue to collect to the tune of hundreds of millions of dollars per year. When the creditor trust prevails in the suit a constructive trust will be imposed upon those entities if that is what is necessary to obtain a full recovery.
There are not a huge amount of claims in front of us Marc,and the trust continues to work to reduce that burden.
Schorsch and his cronies phony "claims" are going to be subordinated to the level of equity...other claims (class 7) are likely to just disappear altogether when it is proven who is truly at fault here.
Did you read in the Third report about the two insiders who have signed tolling agreements and agreed to cooperate with the trust?
I'm sure old scumbag Schorsch must be getting a little worried about that development.
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