WSPCR, That's a given as we all are seeing several outlandish protests to that effect.... In the end chickens always come home to roost.
Simply put, Rosen has been conflicted from the beginning and has always answered to those that attempted to wipe us out. The absurdity at this time of his flip flopping around with his two conflicting arguments is humorous at best.
Quinn Emanuel, et al. were brought in as Special Resolution Council to make this Underwriters Stipulation appear to be legit. However, after POR 7 was approved, the LT, Kosturos, Rosen, A&M and the SNH's all had knowledge of the MBS's and how they would come into play after the Bankruptcy ended and how the Underwriters would profit illegally well beyond their actual claim if they were placed in Class 19. With this knowledge,they would be conflicted, hence the hiring of Quinn Emanuel, et. al. and their subsequent negotiations and consummation of the Underwriters Stipulation. Quinn Emanuel,et al. "may" have been in the dark about a future pay out of the preferred once the Bankruptcy ended, but for sure it "appeared and was meant to give give cover to the LT, Rosen, WG&M, Kosturos, A&M and the SNH's who were driving the bus.
Now, the failure to comply with the terms of the Stipulation in getting COURT APPROVAL was a calculated risk that has come back to bite them in the ass as it's not worth the paper it's written on.
"On the TOPIC of the recent Court Docket: #12604 Date Filed: 4/12/2019
under the heading;
"Preliminary Statement”
Brian S. Rosen, Mark D. Collins, Paul N. Heath, Amanda R. Steele
State the following;
Paragraph 1. During the course of the Debtors’ chapter 11 cases, certain of WMI’s equity interest holders have waged a war of misinformation with the Court... Such tactics have included speculative, inaccurate or misleading financial information being posted to ELECTRONIC MESSAGE BOARDS,
on Page 15 of 23 at the end of paragraph 32 it says;
“The fact that an equity holder posted a notice on an ELECTRONIC MESSAGE BOARD almost six years after disclosure…
the TOPIC of these statements tells me that Brian Rosen either monitors this board or IS ON THIS BOARD"