Indeed Suspension would be upheld by default. And on the QT from the SEC side. Of course Berman would Trumpet the SEC silence / default victory as a score draw, instead of the complete DECN capitulation that it actually represents. Berman's core competency is applying lipstick to a pig, and creating deflections when it starts squealing and crapping everywhere. He is certainly doing that here!
Actually, on reflection its a maybe! SH letter is only 6500 words and didn't get cut off mid sentence at 8000words! So KB may have had help, I am thinking!