Today, JMW admitted her mistake and set the reserve amount at $337M
Page 102 Of Appendix A states that the LTW's are out of the money equity and will remain so unless JMW rules otherwise in the adversarial. In that event they will be Class 12 unsecured claims.
Elsewhere, LTW holders won't vote on the plan, but will receive election forms to elect stock unless JMW rules in favor of the Debtors in the adversarial. Could this changed point of view be a Freudian slip indicating their true view of the lack of merit of their case?
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