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morley480

10/12/09 10:09 AM

#189133 RE: clawmann #189132

Wonder how many companies would release news on a holiday Monday, when the markets are only sort of half open? Wouldn't seemed timed to get the most attention.
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clawmann

10/13/09 9:43 AM

#189396 RE: clawmann #189132

Nothing new on Pacer as of this morning at 9:30.

I will repeat the possibilities listed in the post of yesterday that I am responsding to with some additional notes in italics.

1. If the judge signed off on a proposed settlement agreement on Friday, I would expect that event to be PR'd today (maybe tomorrow). This possibility is fast becoming less and less likely.

2. If a proposed settlement agreement has been previously submitted to the judge, and there was a hearing about it (probably in chambers) on Friday, but the judge did not sign off at that hearing, the parties have to wait until the judge has decided whether or not to sign off before saying anything. Some possibility, but becoming less and less likely.

3. If a proposed settlement agreement was submitted to the judge on Friday, nothing about it will show up on Pacer, and there will be no PR, until the judge has signed off, which could take up to two weeks, possibly three. Still a strong possibility.

4. If settlement talks have failed, and litigation docs were submitted on Friday, I would expect those to show up on Pacer tomorrow (because today is a holiday). No PR if this is the case. Nothing new on Pacer by the end of today, and this possibility quickly begins to become less and less likely. Unlike those faxed extension letters, litigation docs should appear on Pacer rather quickly.

5. If another extension request was faxed to the judge on Friday, we won't see that on Pacer until a day or two after the judge has signed off on the request. That could mean it might not show up on Pacer until Friday. No PR if this is the case. Still a possibility, I guess; but another extension request? Judge might not be very receptive and the parties know it. So I give this possibility a low probability..