Washington Mutual demanda a la FDIC por 17 billones US$ + daños

http://www.kccllc.net/documents/0812229/0812229111019000000000010.pdf

De las facturas de Susman de Septiembre

9/6 Reviewing correspondence from share holders and discussing same with committee.
( so they do read our emails and talk about them)

9/16 Reviewing E. Sargent report of discussions with TPS counsel.

9/23 Reviewing TPS ideas for revised plan

9/30 Reading and responding to trial team emails re settlement proposals.

Very Interesting !

Page 24/28 "09/27/11 P.C. Folse 10 Reviewing draft settlement term sheet and Equity Committee attorney comments on same "

Absurdo, sin FDIC ni JPM no puede haber settlement, imposible, inviable y falto de rigor. Las conversaciones solo podrian reconducir a reactivar las demandas pero no a ningun acuerdo y tambien es dificil de acordar mientras se mantenga el GSA. JPM es el mas listo de la clase, se ha quedado con la tajada y ha dejado las migajas para que se la repartan entre los demás a pesar de que no hay para todos y la equidad esta al final de poder recoger algo.

Pero si puede haber un acuerdo con SNH para que tumben el GSA y vayamos a por todas... eso es lo que yo espero y si no es así que Susman saque la silla electrica...

Pero si los SNH no están en la GSA, y la juez ya ha dicho que el problema con los SNH no afecta ni al GSA, ni a sus firmanetes JPM-FDIC por esa razón no se admitió la moción del EC de convocar a la mediación a estos dos. Déjate de sillas eléctricas y de confundir más al personal adrede, que ya bastantes entresijos tiene este caso de por si.

Saludos

BankUnited Financial says it wins court ruling
October 20, 2011 6:34 PM ET.

MIAMI (AP) - BankUnited Financial Corp. said Thursday that a bankruptcy court ruled in its favor over the company's ownership of anticipated federal tax refunds worth more than $45 million.

BankUnited Financial said the judge ruled Wednesday that the company's bankruptcy estate is the sole owner of the refunds.

The Federal Deposit Insurance Corp. still has right to receive the first $7.5 million of the refund and can assert an unsecured claim against the estate of $45 million under a prior settlement agreement, BankUnited Financial said.

BankUnited Financial said the written ruling should be issued in the next two weeks. The bank expects the FDIC to appeal the decision.

The FDIC seized the bank holding company's failed BankUnited FSB subsidiary in May 2009. The former holding company for BankUnited FSB filed for Chapter 11 protection one day after the thrift was seized.

Copyright 2011 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.

Maximunae: ¿no barajas esta posibilidad?

If mediation fails for whatever reason, the Debtor could pull out of the GSA (or first threaten JPM/FDIC that they intend to do so to maybe get them to the table) to divert the inevitable scrutiny of GSA negotiations taint or perhaps aiding and abetting IT via thorough discovery of the SNs while prosecuting the IT claims. Rosen could claim they pulled out because the EC and TPS were simply not satisfied with what the SNs were capable of giving up and it just made sense to consider a more "holistic" approach to providing a confirmable Plan to the court.

This would get the Debtor out of the line of fire which could have likely killed the GSA anyway and would also put the SNs IT prosecution on the back burner pending a new GSA as the basis of a new confirmable Plan. This seems like the long way around when simply (somehow) getting JPM/FDIC to at least let go of the tax refunds and deposit would do the same thing. Unless the EC/SG do a deal with just what they get from the SNs, I just can't see Rosen telling the Judge mediation fails and allowing her to turn the EC/SG loose on the SNs. Way too much could/would happen to too many parties if that were to happen. Perhaps even the senior partners at WGM are telling Rosen to bail if the EC/TPS don't settle and JPM/FDIC won't help end this.

Esto es del EC Cross Appeal:

Section II. 18:

"Thus, the Settlement Noteholders exercised significant influence over the negotiations that led to both the Global Settlement and Modified Plan... The Debtors allowed this (IT) to occur, and EVEN FACILITATED the Settlement Noteholders' insider trading......."

I don't think Susman is just blowing smoke here. If mediation "fails" and the E.C. goes ahead with their suit against the SNH's, then Rosen & Co. could find themselves in a dangerous situation.

If Rosen, Weil, etc., also get painted with IT, what then?

Las H siguen cayendo y ya van. Creo que llegaran a 2.50.
Como lo llevas Besugo?

http://www.newscientist.com/mobile/article/mg21228354.500-revealed--the-capitalist-network-that-runs-the-world.html