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News Focus
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dix

10/12/10 11:39 AM

#240866 RE: johcol #240861

See the transcript from 9/7 above
When the examiner requested an extension of time he commented that cooperation from all parties had been forthcoming from all parties with substantial amounts of input from EC.

"We are pleased with the overall level of cooperation that we are receiving particularly from the settling parties we have had numerous conversations with the debtor the has made witnesses made available to us on a timely basis, has given us access to records and has assisted us in conducting the examination, as I mentioned we have reached an agreement with JP Morgan whereby they produced additional documents to us they have also already made available and have agreed to make available members of their senior management team who were involved in the transactions between JP Morgan and the debtors and Washington Mutual Bank … we will be continuing those depositions in the next couple of weeks, we reached an agreement with the FDIC which will involve production of documents we also plan on interviewing several employees of the FDIC. We have had some …. We started some discussion with some third parties, non settling parties from whom we would request information we don’t have any particular issues or problems at this point with respect to third parties we are continuing to work to obtain information from them on a voluntary basis. We also met and had conversations with both the unsecured committee and the equity committee who had both given us significant information that has been of assistance to us in conducting the examination."


Ten
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hestheman

10/12/10 11:50 AM

#240870 RE: johcol #240861

I wonder about that also.
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popcorn202

10/12/10 12:10 PM

#240878 RE: johcol #240861

i am not sure how many (if any) subpoena were issued, but I do know that many of the key players were deposed. A deposition given under oath will be treated seriously because being caught in a lie when another deposed person contradicts your testimony can carry serious fines. So, I am not too concerned about the lack of subpoenas. Why dont you think subpoenas were not issued?
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Civil War General

10/12/10 1:27 PM

#240903 RE: johcol #240861

Subpoenas are not filed with the Court.