Keep in mind that 80-90 percent of civil cases(depending who you ask) settle before trial ;-). IMO we will be completely settled on all fronts once the BK is discharged and over. I could be wrong but I think they are working on emerging with the gas petal to the floor so that the people who matter do not lose anymore money! At the end of the day money is the only thing that matters in this case...
phil the whole problem with this board including you and i ,is we all wanna be known as the poster who is alway right ...BUT THE PROBLEM IS WE HAVE NO CLUE WHAT IS AND WHAT HAS BEEN TALKED ABOUT ,AND WE PROBALLY KNOW 2% IF THAT OF WHAT IS GOING ON
In the DS, the Litigation proceeds are split between creditors (Liquidating Trust) and Equity. 50/50.. So, if Goldman Sachs (who will be sued) decided to settle the case with our attorneys, equity would recevie 50% of the proceeds of the litigation.