|
The meat is on p14: "...the insertion of the Equity at this juncture of the chapter 11 cases could disrupt the negotiations that have been ongoing between the Debtors, JPMorgan and the FDIC. Indeed, such disruption is almost a foregone conclusion as the Equity Committee has every incentive to try and disrupt the process to obtain a "gift" recovery." Weil-WMI argues earlier that equity holders are already adequately represented...by the debtor...but then states later in its own argument that equity will seek a recovery that Weil-WMI will not, thereby undermining its claim to be representing equity holders. Weil-WMI is fighting gamely to disband the EC but there is no chance of success for them. Obviously, the only serious objection by Weil-WMI is that the negotiations will be disrupted which suggests that the negotiations are very close to being successful...without Equity at the table. JPM is now going to have to acknowledge the reality of the EC in the negotiations. JPM will need EC approval for a settlement...or the litigation will continue...by Quinn. http://www.kccllc.net/documents/0812229/08122291001250000000… http://messages.finance.yahoo.com/Stocks_%28A_to_Z%29/Stocks… |
|
| aus der Diskussion: | Washington Mutual - Faktentread |
| Autor (Datum des Eintrages): | body1 (26.01.10 12:45:57) |
| Beitrag: | 1,014 von 2,807 (ID:38812592) |
| Alle Angaben ohne Gewähr © wallstreetONLINE | |