Judge Sleet is/was the cause of the delay imo. Took another year to just grant defendants' motion for judgment on the pleadings. In the last LT filing, it did not say one way or the other whether the LT intended to appeal the dismissal of the LT's action. The time to appeal should have elapsed by now. So the only thing pending are the avoidance actions in the bankruptcy court concerning the employee contracts and the payments to be made thereunder which requires a showing of insolvency if the LT is to prevail.
LT wants to settle, FDIC doesn't want to settle (golden parachute), this forces LT to proceed with litigation and the scheduling of depositions which now needs to be done and put in the court calendar.
Claimant attorneys and LT basically only agree to depositions that are scheduled months away.
Delays in depositions, etc. Which then requires rescheduling of court hearings and trial.
On and on it goes.
I suppose short answer is FDIC for not wanting to settle but settlement reduces the remaining value left in the LT (unless you're a billions believer).
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