La pelota en el campo del EC
May 5, 2010: The results of today's hearing in bankruptcy court on the Equity Committee's motion to appoint an examiner were a mixed bag. The judge stated "I think in this case it’s a very close call." She denied the motion, meaning no examiner will be appointed at this time, but reasoned, "I think the Equity Committee is fully able to conduct the investigation that it seeks to have the examiner conduct." The judge stated that the Equity Committee should have access to all of the information WMI has already collected in this bankruptcy case, with a strong warning to WMI (the Debtor) to cooperate with the Equity Committee: "All of that information should be available to the Equity Committee, and I don't want to hear about obstacles being placed in their path to getting full and open access to that information, whether it's documentary or interviews with the Debtors' management or others who have conducted these investigations... I'm strongly urging the [Creditors'] Committee and the Debtor to provide all the information to the Equity Committee without testing the court's patience with discovery motions." If WMI cooperates with the Equity Committee, we probably will not hear about this for a while, but if it does not, we would expect to see some filings from the Equity Committee related to forcing WMI to share information.
PDF file: http://wamuequityrights.org/images/stories/10-05-05_examiner_ruling.pdf