Any news to what happened at Libor litigation? What does it mean voluntary dismissal? Was there a settlement to allow banks to be dismissed, this could be the big one we are waiting for.
NDT, I hope this means what I think it means! Finally, lets wrap up this silly Libor case and get the FDIC-R to close out the receivership. I never expected much from the Libor cases. Our only hope of significant recovery from escrow lies in the residual value sitting in those remote bankruptcy SPE's as CBA09 stated.
Its also suspicious that the libor cases are just ending now on June 26....days before the last of the checks to class 21 expired on June 30. I'm not going to look at the gift horse in the mouth...but really?!?
Keeping my fingers crossed. Let's hope we can see the receivership close out in July next!