"This Memorandum Opinion, containing findings of fact and conclusions of law pursuant to Fed. R. Bankr. P. 7052, addresses the BF Claims Holdings standing and the merits of the Objection. As an initial matter, the Court concludes that BF Claims Holdings lacks standing to object to the Plan for failure to comply with the Order Pursuant to Sections 105, 362 and 541 of the Bankruptcy Code and Bankruptcy Rule 3001 Establishing Notification and Hearing Procedure for Trading in Claims and Equity Securities. (ECF # 180, the “Trading Order.”) Notwithstanding BF Claims Holdings’ lack of standing, the Court must undertake an independent analysis of the Plan and associated documents. The Court concludes that the Plan complies with all sections required for confirmation. The Objection is overruled for lack of standing and on the merits. The Court will enter a separate order confirming the Plan with findings of fact and conclusions of law on all other plan confirmation issues."
looks to me like the plan of reorg is moving forward and shareholders are toast...
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