Re: Fee objections, yes we all wish JMW would claw back most of the outrageous fee we have all witnessed. I believe we will see a large % clawback in the finial fee request.
I have taken the time to file both monthly and interim fee objection on both WGM and A&M plus others for over the last two years. There has also been a group of other international shareholders that have helped file at least one objection on all of the Debtors large army of attorneys. These other objection has helped with the forced holdback of 20% of the total requested fees.
For the last 6 months I have sent copies of my objections along with an additional letter to Jane Leamy and CC to Robert DeAngelis and Eric Holder. I those letters I address in length their Fiduciary Duties to enforce the laws in the guidelines they drafted to prevent this abuse.
I believe many things are taking place right now that will force a major clawback at the finial fee request. If one would read the fee request you will find many hours of billing for the editing of past fee request as per UST request. These objections are working and we must keep them up. I am hopeful we are getting close to the end – at least for the Bankruptcy part of it, but the NewCo will have a Litigation trust set up for more fun down the litigation road. Good Luck to All!
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