The Plan will not close until LBHI class 12 is satisfied in full. New stock can only be issued to the Plan Trust under the Plan.
I like option one below:
Judge Chapman, is the May 20, 2019 SCOTUS' Ruling the controlling law that you are referring to below?
Note: Cool hand Luke, "boss I got my mind right." That is all that she wrote boys. If you do not understand by now, get back on the bus. Bobby Joe, go and get me a cool glass of water. Lol
Quote:
27. The Movants have not met the strict, well-established standard for demonstrating
an entitlement to relief under Rule 59(e). They have failed to allege, let alone demonstrate, that
the Court overlooked controlling law which might have materially influenced the Court’s decision
to grant the Distribution Motion or that there has been a change in controlling law. Instead,
continuing their pattern of re-hashing arguments contained in prior pleadings, the Movants ask the
Court to again consider arguments that have already been fully considered and ruled on by the
Court. Additionally, in the Motion for Reconsideration, the Movants point to the pendency of
certain appeals (20-cv-05083 and 20-cv-05823) before District Judge Abrams as an alleged basis
for the Court to grant the motion. Even were this Court to consider this argument a valid basis .
.
.
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08-13555-scc Doc 61352 Filed 11/18/21 Entered 11/18/21 15:36:27 Main Document
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