Replies to post #21313 on United Western Bancorp Inc (fka UWBKQ)

[imawswami]

"Floodgates for future litigation"?


VC hope you are enjoying your vacation. Great timing.

Regarding a reoccuring board theme implying past bank seizures suddenly being litigated for reversal as a result of a positive United Western Bank ruling by the courts:

There is a 30 day? (going off memory may be tad more) window given the seized bank to legally challenge the event. United filed within that period. A successful challenge by one institution does not, am believing, wipe away this deadline for another. Thus, no floodgates coming from The Great Recession.



Have a great 4th and hoping for a settlement.

swami