España
En lo único que se parecen Lehman y WAMU es en tener un comun forajido llamado JPM.
El resto son la noche y el día. Con Susman no me creo que nos quedemos en el limbo mucho tiempo, este sabe donde tocar las teclas.
Próxima parada Voto de accionistas.
Un par de dudas. El examiner quien lo escoge, el UST?
Podría ser elegido como tal algún miembro del EC?
Sldos.
en cualquier caso este proceso parece una mas bien una merienda de negros - aqui los que ya saben lo que tienen y quieren son los bonistas que no les van a poder tocar su parte
maximunae -exacto el ds permanece en el aire y en cualquier momento la juez puede aprobarlo - de suspendido o rechazado nada solo aplazado hasta tener mas datos -
la jueza parece querer resolver todos los asuntos sin celebrar ninguna junta de accionistas - en realidad ella no la ve necesaria porque es un asunto que ni se ha tratado
En un principio va a ser el UST quien lo elija, ahora tenemos que cruzar los dedos para que no esté corrupto por parte de la fdic/jpm porque si confirma que L>A, si que estamos jodidos.
Saludos
Maximunae: ¿crees que Susman y el UST no van a pensar en estos temas en un caso de esta magnitud? si con solo buscar la famosa lista 3.1a ya tiene de sobra
Por favor...
Es evidente, ya lo se, pero yo creo que jpm/fdic ya van a por todas, y utilizaran mil tretas para tratar de presionar a dicho examiner de eso tampoco me cabe duda, por supuesto que me imagino Susman y el UST estarán atentos para pillar cualquier maniobra, es de suponer. También me da la sensación vista la presentación por los abogados de la fdic, que jpm puede ser ha conseguido su objetivo que es poner en el punto de mira a la FDIC y que al final sea ella la que pague los platos rotos.
Saludos
aqui siempre le buscamos una explicacion a porque no sube la accion o porque tiene que subir - si con lo que se ha dictado hoy no sube es que no tiene mas gas - la opcion de la junta de accionistas ni merece justificacion ya que primero que se ha de convocar y segundo que tiene que ser un exito - al final el comentario de chemacla sobre que no debe haber mucho que encontrar y que los numeros de los activos no son los que manejeba el foro me parece la mas razonable - si el examinador confirma los numeros de rosen entonces ya quedara listo para sentencia - ya se ve que las comunes no pueden atravesar el 0´20 de cierre -
mr-simpson como siempre dando esperanzas incluso de 50 billones aunque lo entiendo si se juega todos sus ahorros - estara aqui hasta la muerte como dijo la jueza pero cuando firmo la fdic el ds estuvo a punto de capitular como bien apunto maximunae -
WILMINGTON, Del., July 20 (Reuters) - A bankruptcy court judge appointed an examiner to investigate potential legal claims and assets of Washington Mutual Inc (WAMUQ.PK) in a ruling that is a victory for shareholders.
Judge Mary Walrath directed an examiner to investigate not just the legal settlement at the heart of Washington Mutual's reorganization, but also all potential claims and assets that are part of the settlement or that will be retained by the company.
The examiner has been long-sought by shareholders, who argued the company's assets are worth as much as $30 billion and that they are being improperly denied a chance to recover losses in the company's proposed reorganization.
Washington Mutual filed for bankruptcy in September 2008, the day after its lending operations were seized by regulators in the biggest bank failure in U.S. history.
Most of its bankruptcy has been spent fighting legal battles.
Earlier this year, the company settled its main disputes with the Federal Deposit Insurance Corp, which sold the seized bank, and JPMorgan Chase & Co (JPM.N) for $1.9 billion.
The company has proposed a reorganization plan based on that settlement that provides as much as $6.8 billion for creditors, but nothing for shareholders.
The judge accepted arguments the company settled without fully measuring potential claims and without helping shareholders conduct their own examination.
"Given the inability of the parties to fully investigate all of the claims, I'm not in a position to decide the reasonableness of the settlement and I believe the examiner is the way to go," said Walrath, who rejected the appointment of examiner earlier this year.
The equity committee that represents shareholders said in a statement that it was "thrilled" by the ruling.
"We look forward to an independent investigation into the claims and assets of the estate," it said.
Creditors, shareholders and the company sparred throughout the morning over the extent of the examiner's brief, with senior creditors and the company citing risks that, without a short leash, an investigator could undo the proposed reorganization.
"Is it really going to be a case that falls off the rails on our watch?" said Susheel Kirpalani, an attorney with Quinn Emanuel Urquhart & Sullivan, which is special counsel to Washington Mutual.
Walrath accepted a broader brief than many of the creditors wanted. She directed the U.S. Trustee to name a candidate by Monday and directed the examiner to provide a work plan by Aug. 7 and a preliminary report by Sept. 7.
A hearing on the company's disclosure statement, which must be approved before it can send its reorganization plan to creditors for a vote, was postponed until Sept. 7.
The judge also said she would also take up on Sept. 7 the legal issues of allowing shareholders to hold an annual meeting to appoint a new board of directors.
As is often the case at Washington Mutual hearings, the court was forced to provide temporary seating for the sweaty, overflow crowd of individual shareholders, who clearly anticipate the examiner will uncover hidden assets.
"The judge wants to see what's in the wallet and she wants to see everything in the wallet," said Doug Meehan, a Washington Mutual shareholder from Moorestown, New Jersey.
Walrath rejected the appointment of an examiner earlier this year, saying at that time the company "had been investigated to death."
The equity committee's attorney has often cited what he said was evidence that little real investigative work had ever been done by the company before it agreed to a settlement.
"To say it was investigated to death is like saying a paper cut is a fatal injury," said Justin Nelson, an attorney with Susman Godfrey, which represents the equity committee.