THMW says: it's not simply an objection to the claim. What really Ms. Griffin is pressing is an objection to the settlement of that claim. The claims were settled.
Again, the claim of the underwriters was a contractual claim, not an equity claim. And if allowed in full, potentially could have been paid or allowed prior to any shareholders getting paid, including the preferred shareholders. So there was substantial risk. ( FOR THEBIG ONES)
Judge Andrews agreed,,,,so whats left?
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