common equity will receive 100% of the residual interests in the litigation claims once general unsecured creditors at the parent have received payment in full.
Do you know the timing of how this usually plays out? We talking weeks? months? years?
Is there a cap on the total litigation claims? A certain amount total that it won't exceed? For example say to make unsecured creditors paid in full it takes $50 million. And the total litigation claims are $100 million so commons receive $50 million..
Look at the date on the PR!!! call the law firm handling the bankruptcy and they will not advise as to how the claims are handled as they don't handle that. The law firm refered me to the 888 418 0324 investor hotline for the most up to date information. They also gave me the website epiq11.com ... these are the claims people handling the BK. That's the best info ... the PR your all crowing about is dated back in Jan. the most up to date investor hotline says expect NO recovery for shareholders after restructuring.