Replies to post #8174 on Corus Bankshares Inc. (fka CORSQ)

[bowman88]

Thanks for posting the full article, we haven't lost them yet. Looks like the case is waiting on another ruling.

[hang ten]

Tweak, thanks for effort with the article.. Here's the docket link:
http://docs.bmcgroup.com/Corus/docs/ilnb_1-10-ap-01362_38.pdf

I must say, any bank 'victory' vs the fdic will be regarded as precedence, imo. Considering Errett's last post (I agree), we know the fdic is highly motivated to win this and all cases against banks in bk.

[jmbell42]

Tweak,

Thanks for the full posting.

It's interesting that the FDIC is fighting jurisdiction in this case. Am I correct in thinking that, in the case of WAMUQ, the FDIC has no issues dealing with the tax refunds within the context of BK?

If so, then I wonder why the FDIC is willing to work within the context of a BK court in one case (i.e. WAMU) and yet fight a similar proceeding in CORSQ?

Seems like more of a stall tactic than anything else... could they just be playing hardball for a favorable settlement?

Jared