Clawman, no doubt you are correct she will be using these Horsies for an example. She has VERY clearly shown her hand on this issue, but more importantly I feel that her asking the question to Folse about investigating 2 or 4 Horsies is telling. If she were going to approve this mess, it would be out of her jurisdiction to approve discovery on 2 or 4 Horises. In other words, if she sighs the POR, they are out of chapter 11 period.
1. She can apply the Federal Judgement Rate to all claims.
2. She can equitably subordinate the SNH claims.
3. She can equitably disallow the claims entirely and send her finding to the higher court.
4. She can kill the GSA and stay the BK proceedings till the Tort and Fraudulent conveyance claims are adjudicated.
5. She can appoint a case trustee.
6. She can remove the debtors and their attorneys for tainting the process and abetting the SNH and allowing the EC to take control of all litigation claims.
She has several remedies, my fear is does she have the balls. Lol
Clawmann,, It's because Judges in the 3rd and now other circuits have had enough of the Hedge funds corrupting and hijacking the BK process for their own personal gain.. The HF's injected themselves into the process and now find themselves in a quandry and now they have a Judge calling them out on IT in an opinion.
I have to say this Opinion is going to be a DOOZY!
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