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

Si, tambien hablabas sobre un acuerdo forzado por el EC, vamos que ya lo dabas por firmado pero no, vuelta atras.

Susman no me cansare de repetirlo no ha hecho nada bueno para la equidad, el POR no fue rechazado por la objeción de Susman, la juez ya respondio a la objeción de Susman diciendole que es POR era justo y razonable y no había dinero para la equidad parafrasenado en todo al informe del examiner. Después lo único que ha hecho Susman es una apelación a instancia superior que se sabía que no iba a llegar a ningún lado ni a tiempo, y así estaba el EC con su presidente comprado e inoperante, atestiguado por ex miebros del EC. La carta de Nate era la única buena jugada que tenía el EC para escaparse de esta bk corrupta y tratar de seguir fuera con litigios, pero no la ha sabido aprovechar a mi entender, espero equivocarme, y que en breve se retomen las negociaciones.

Ya veré que hago con mi posición de aquí a finales de mes pero, en una guerra abierta en este tribunal corrupto con un EC inoperante, si la objeción con el IT no es contundente y hay una buena respuesta por parte de Rosen yo no me la juego.

Saludos

Se supone que se va a tratar el POR 6 MODIFICADO, también conocido como POR 6.5

Pero el POR 6 YA FUE RECHAZADO.

If the Hedge Funds had not done anything wrong, why were they interested in seeing the depositions canceled and claims nullified?

The settlement didn't yet go through. It can take an awful amount of time when parties have huge gaps separating their expectations.

The ball went back to POR v6 with no settlement with the EC/TPS and the Hedges get their depositions back on track. Are they happy about that? Certainly not since they tried to get them cancelled with a settlement. The EC had something to offer against a seat in the restructuring company and these assets are still there for the EC to fight back.

They started to talk about settlement and will probably renew talks very soon. It's poker game. The debtor wants people to believe that it gave the EC a chance and now goes back with the previous plan. They do have a plan in mind, and this plans requires end the depositions and getting out of bankruptcy for good.

Both parties will play this game until their expectations can reach some common ground and this will happen. The message yesterday tried to create a split between preferred and common. It's obvious that preferred don't want to give up on their privileges and if the debtor goes closer to shareholders, it will be via the preferred which stand first. Before there was no talk at all. Now the debtor has a foot in the preferred zone. Only with time the second foot will be placed where the common stand and at this point we will be close to the conclusion.

http://www.kccllc.net/documents/0812229/0812229110616000000000004.pdf

Lender Processing cuts Q2 profit outlook; shares fall

Thu Jun 16, 2011 5:01pm EDT

(Reuters) - Lender Processing Services Inc (LPS.N) lowered its second-quarter earnings outlook, saying it will be hurt by higher regulatory and legal expenses, sending its shares down 6 percent.

LPS, which handles more than half of U.S. mortgage foreclosures, faces various legal and regulatory issues, mainly over its alleged role in wrongful foreclosure practices.

Last month, LPS said U.S. regulators filed a complaint to recover losses of $154 million from an alleged breach of contract by its unit with Washington Mutual Inc (WAMUQ.PK).

The Federal Deposit Insurance Corp (FDIC) cited 220 appraisals between June 2006 and May 2008, and said the company's unit, LSI Appraisal LLC, neglected duty and didn't conform with law and regulations in appraising these claims.

The mortgage processing services provider now sees second-quarter adjusted earnings at 54-56 cents per share, down from its prior view of 79-82 cents per share.

Analysts on average were expecting a profit of 80 cents a share, according to Thomson Reuters I/B/E/S.

The company, which helps banks manage mortgage foreclosure documentation, said its profit outlook is impacted by fewer mortgage defaults and sluggish origination activity.

On Monday, LPS named former Florida Deputy Attorney General Joe Jacquot as its senior vice-president for government affairs.

He will be responsible for analyzing and responding to pending legislation and regulation affecting the company.

Shares of the company were down 6 percent at $22.00 in extended trading on Thursday.

(Reporting by Aditi Sharma in Bangalore; Editing by Maju Samuel

Enlace a la noticia:

http://www.reuters.com/article/2011/06/16/us-lenderprocessing-idUSTRE75F71F20110616?feedType=RSS&feedName=globalMarketsNews&rpc=43

Mr Simpson

Que opinas de esta estrategia de Susman

Meter toda la presion del mundo para tener todas las pruebas para ser soltadas en objeciones previas y durante el Confirmation Hearing. Susman quiere empezar a cortar cabezas para ayer.