Yes and I think that is Where Sargent is heading.. He just needed the emails to prove the counsel is complicit or even facilitates this type of action. Pre-BK is Collyer's court, not sure how THJMW would address pre-bk actions that put the debtor in her court.
The Valuations of the Hedge Fund lawyers would prove they caved when they did not need to, but since they got paid and were getting the New Co, they had no reason to oppose a GSA that gave them everything in violation of the Absolute Priority Rule.. Equity Zip!
Looks like Equity is going to try and get them below themselves on the ladder or complete disallowance alltogether.
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