Replies to post #13577 on Old Copper Co. Inc. (f/k/a CPPRQ/JCPNQ JC Penney)

[TuMaRu]

Yes, I remember the Van Deelen objection and read it fully. Jones didn't allow a hearing for that stockholder and just brushed aside everyone's objections, including UST. He's got no moral fiber, just a plain lousy idiot when it comes to rulings because "he can".

In my view, the USDNY and east coast judges are more reasonable and fair in their application of Ch. 11 statutes. Sontchi, Marvin Isgur and others have not only allowed Equity committees but often ruled favorably in some of their cases. One has to take a holistic view, not just outright reject the notion that shareholders are also EQUAL stakeholders in the bankruptcy process.

Someone should move the court to kick him off the JCP case.

[The Man With No Name]

Yeah and Whiting (WLL) is in his court and it's trading around a buck, since shareholders will get shares and warrants. Weatherford shareholders got some recovery too. Neither had an equity committee. So enough of this 'all shareholders in front of Judge Jones are screwed' nonsense.