iPrelude, thank you. That is really interesting...
...we argued (directly with the "new Equity Committee" and the "new law inexperienced and conflicted law firm") against the Bob Richards "Rule" re: FIDC-Receivership and JPMC get the massive $6 billion in tax refunds to no avail.
...they "punted."
...then, because of the GSA, and POR 7 Confirmation Order and the Releases, there is no going back.
...there is a Tax Sharing Agreement in our case, but the "substance" of the SCOTUS ruling would have been in our favor.
...the awareness of the increased refund under the retroactive NOL law change was the 'trigger for UST to demand the establishment of the Equity Committee.
...we just had an Equity Committee revolution, discarding of our original fighters like the honorable Joyce, firing of our original experienced bankrupcty law firm in Gregory Cross of Venable and replaced by a career self-interested end game Equity Committee "brought in player" and a law firm, conflicted but allowed, with little to no experience in such matters at this level, and with questionable commitment to take on JPMC, and specifically, the largest hedge fund in NY where they had just "set up shop" to do business with.
...so, I change my estimate that $65 billion in entity value was, per Court Order, was legally looted by JPM to $71 billion.
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