Replies to post #6100 on Dime Bancorp Inc (fka DIMEQ)

[44centsAKAchoccake]

And explain about THJMWs lack of jurisdiction given the holding company vs bank issues. Its a longshot but worth a try--somehow.

[ItsMyOption]

Linda, we need some legal opinion on this or at least someone that understands the system.

It sounded from MrchntDeth last post #5912 that he may be working on some legal route to this – if he could make one more post it would be appreciated. Also wall-street may have something to add as he understands this process.

Can we as a group file as Linda recommended Motion to intervene in the Anchor Litigation Proceedings even though we will need to OPT-IN for releases to get shares in NewCo. I would think there could be a way to file even with that OPT-IN as it is like having a gun to our head sign here or forfeit any right of claim. Could we file a lien on this DIME LTW claim?

The next big question would be who could file this motion? Any thoughts on a way to recover from this very low settlement that we are being forced to accept?

We could file a Motion to intervene in the Anchor Litigation Proceedings and state in the Motion that the Dimeq LTW Holders are the real party in interest to 85 % net of the Anchor Award.

The down side is - then the Defendant and Plaintiff could cite the Opinion of Judge Walrath - which states we have no Claim against the Anchor Litigation Award and are Equity Interests of WMI.

ILS

[fbrutus]

I don't see much downside. After we file they file and we have counter arguments. We need someone to represent us. Unless we go pro Se, but that will be difficult.

[fbrutus]

If we go pro se we can formulate our arguments and strategy in each counter motion filed, but someone who can articulate our position in Court would have to be there at each hearing and others for support. It is a large endeavor.
I guess it depends how much you have invested in this thing.