I am not a lawyer but maybe the lawsuit before statue of limitations is for unjustly seizing wamu.. maybe after the statue expires the lawsuit would be for not distributing the reorganized assets in timely fashion.. I am just thinking out loud but I am sure the hedge funds are very smart and would not let statute of limitations expired if there was no other recourse.
The hedge funds probably also signed Non Disclosure Agreements with fdic and jpm, that have certain conditions and timelines agreed to..
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