Agreed LG.. Good Post! Rosie tipped his hand then, I suspect since the Tepper Hedgies made so much money on 2010, they needed that abandonment to offset the taxes they were going to be required to pay. They tried to "wheel and deal" this bankruptcy in their favor and if THJMW had been complacent, she would have had to allow this happen, instead Nate Thoma came forth with his allegations and that set what she needed to stamp them down in motion. She intentionally delayed the Opinion into the next year, because she knows of the worthless stock deductions. I am still of the mindset that is exactly what the sealed docs contained.
Her Opinion stated it in direct terms. Without the Insider Trading allegations, it is very possible she would have been bound by bankruptcy laws and rules of procedure to "rubber stamp" the debtors requests.
Dan Hoffman also had a good argument along with Tranquility pushing Rosen into a settlement on their WMB claims. Rosen knew what he was doing (he was paid to do), but he never saw the IT allegations coming and when they surfaced, it was a different ball game from that point forward. If the settlement reached before the trial had been implemented, we would have seen the effects of the abandonment of worthless stock issue right in front of us, instead it set us back a year..
Patience in fishing is the only way to catch the "Big One!" You must keep the bait/line in the water.
~Don~
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