Replies to post #6373 on Sears Holdings Corp. (fka SHLDQ)

[justthefactsmam]

you claim to have followed ggp closely yet you continue to say lampert was involved there. he was not. he had nothing to do with the ggp bankruptcy or bailout which in fact did save the commons.

are you really sure you were involved in that if you got something so basic so wrong?

[Kingsolomonspoolz]

Well from the horses mouth folks! I say we buckle up and enjoy the ride. I'm loading the house.

[Scotttrader80]

I read a blurb in a docket that the attornies were charging in excess of $1300.00 a hour whereas the accepted hourly fee was around $300.00.

Someone else brought up a good point about the employees being a factor, first there are 50,000 employees lives at stake AND they are also shareholders holding many common shares.

Look in to Judge Drains past bankruptcy rulings, it'll give a sense of where this case is going.

[boston127]

Strategy: awesome analysis. What

do you gleam form Judge Drain's history of BK cases? Here is what I found but I cannot see if he would favor, or not favor, a BK company trying to remain as a whole and be successful as a company again. Hostess came out of BK and they are now kicking butt. But, did the common survive?

At the time of his appointment in 2002, he was a partner in the Bankruptcy Department of the New York law firm of Paul, Weiss, Rifkind, Wharton & Garrison, where he represented debtors, trustees, secured and unsecured creditors, official and unofficial creditors committees, and buyers of distressed businesses and distressed debt in chapter 11 cases, out-of-court restructurings and bankruptcy-related litigation. He also was actively involved in several transnational insolvency matters.

Judge Drain is a fellow of the American College of Bankruptcy and a member and board member of the American Bankruptcy Institute, a member of the International Insolvency Institute, and a member and board member of the National Conference of Bankruptcy Judges. He is a past member and secretary of the Bankruptcy and Reorganization Committee of the Association of the Bar of the City of New York. He was an adjunct professor for several at St. John’s University School of Law’s LLM in Bankruptcy Program and currently is an adjunct professor at Pace University School of Law and has lectured and written on numerous bankruptcy-related topics.

Since his appointment he has presided over such chapter 11 cases as Loral, RCN, Cornerstone, Refco, Allegiance Telecom, Delphi, Coudert Brothers, Frontier Airlines, Star Tribune, Reader’s Digest, A&P, Hostess Brands

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