Replies to post #1737 on Dime Bancorp Inc (fka DIMEQ)

[jmbell42]

Login,

I think you're right and this is just the court "going through the motions" on the POR, such as it is. As we all know, under that POR, we are an impaired class and hence the form letter.

I'm treating this as the equivalent of "junk mail." Nothing in my mind has changed from yesterday. Sending me a form letter about the POR does not make it any more meaningful. Given that the FDIC has objected along with other parties.. this baby is DOA anyway (at least for now).

Let's hope that Broadbill gets its way and we get justice.

Jared

[ScottC]

If the plan of reorg is confirmed in its current form, I believe the FDIC is agreeeing to repudiate the warrant agreement. My interpretation (and I am not a lawyer) is that this would supercede the fact that JPM agreed to assume all QFCs and our recourse would be with the FDIC, not JPM.