My interpretation of what Rosen said last Thursday was they would not be back in court if the three parties came to a global undertanding. If not, then they would be back for the Judge to render a ruling. Did he fake everyone out to create the panic today during trading hours?
NO WHERE did he say he would bring a settlement offer to the Court ... especially one that only covered the creditors & bondholders.
So I would ask the court at this time to adjourn both of those until next friday. I understand from the court that there may be availability at 11:00AM next friday, and we would be prepared to go forward, and expect to go forward at that time, unless there was a global understanding between the three parties, and we would hope that the court at that time would render a ruling with respect to the Summary Judgement and make a determination with respect to the 9.5 motion.