http://www.ghostofwamu.com/documents/10-50731/10-50731-0054.pdf
It's good IMO. Page 13 para 6... (The parties shall use confidential info, including, without limitation, confidential discovery material, only for prosecution, defense or settlement of matters in the adversary proceedings).
Also, we know that there is confidential and highly confidential information being withheld from the public (including shareholders, the EC and other claimants (TPS, etc)). Now it appears the EC will be privy to it or at least some confidential information as long as they do NOT disclose it publically (we longs could care less since the EC is in the drivers seat and protecting our interests). The EC and estate have finally stipulated to a confidentiality agreement and a safeguard has been established to protect equity, relying on the courts to discretion. Now, it appears our EC will be privy to more confidential information not previously accessed.
Catz is absolutely right, our hats are hung on the EC's ability;)
Right, Catz.
This is not Rosen asking for something, but is a stipulation and agreement between WMI and the EC which serves the purposes of both sides. This is totally consistent with Susman's email to Weil early on offering confidentiality stipulations in order to expedite turnover of useful information in WMI's possession for objective analysis by Susman, without publishing it to all the other adversarial parties or the world. This allows Susman to do his job on this particular issue without opening up a can of worms regarding WMI's internal BOD issues, etc., that WMB bondholders or others might take advantage of. Moreover, it protects the privacy of EC internal deliberations and members' financial information that might have to be turned over in the context of the shareholder meeting dispute. So, I see it as a win-win situation, and standard operating procedure in this kind of situation