Thats old news. Rex and everyone else did good as they could. I listened in on those court cases and s few times actually said a few words. VERY FEW. LOL good job Rick
Redressability is a legal requirement for standing, establishing that a court can likely remedy a plaintiff's injury through a favorable decision. It requires a showing that requested relief—such as damages or an injunction—will genuinely alleviate the harm, rather than being speculative.Key aspects of redressability include:Likelihood of Relief: It must be more than merely speculative that the court's action will resolve the injury.Connection to Standing: Along with "injury in fact" and "causation," redressability is one of the three core elements required for a plaintiff to bring a case in federal court.Nature of Relief: The remedy does not need to completely eliminate all harm but must materially improve the plaintiff's situation.Case Dismissal: If a court cannot offer a remedy for an injury, the case may be dismissed for lack of standing.For example, in a personal injury case, the court can redress a plaintiff's injuries by ordering the defendant to pay compensation for medical expenses.
25 THE COURT: Okay. Go ahead, Mr. Gregory. The SEC Page 85 Veritext Legal Solutions 212-267-6868 www.veritext.com 516-608-2400 08-13555-scc Doc 59859-1 Filed 08/02/19 Entered 08/02/19 15:15:59 Exhibit A Pg 86 of 112
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1 has ruled whereby if you purchase these securities, you own 2 them as though you own them from day one, and you have 3 standing. Well, it should be considered fraud for these 4 securities to still trade if the prospectus cannot be 5 honored -- 6 THE COURT: Well, Mr. Gregory -- 7 MR. GREGORY: -- according to the parity rules -- 8 THE COURT: I'm not going to -- 9 MR. GREGORY: Go ahead. 10 THE COURT: Mr. Gregory, I'm going to engage you 11 in a detailed discussion of what the SEC has or has not 12 said. I will tell you that as far as I'm aware people trade 13 in all sorts of securities that range from worthless to 14 entirely worthless to worth a few pennies to let's see who 15 you sell it to for another penny. 16 This is a bankruptcy case that was conducted 17 pursuant to the rules of this Court, Federal Rules of Civil 18 Procedure as adopted and incorporated into the bankruptcy 19 rules according to the Bankruptcy Code under the glare and 20 spotlight for years and years and years. 21 It resulted in a plan of reorganization. The plan 22 of reorganization contemplated a bar date and an orderly 23 process for the consideration of claims. That's what has 24 occurred here. 25 In fact, this case is coming to its conclusion. Page 86 Veritext Legal Solutions 212-267-6868 www.veritext.com 516-608-2400 08-13555-scc Doc 59859-1 Filed 08/02/19 Entered 08/02/19 15:15:59 Exhibit A Pg 87 of 112