Re: Objecion TPS !! Pura dinamita para la Juez
Regalito para Rosen:
Assuming the Debtors have taken steps necessary to preserve the estate’s rights in this regard (as the Confirmation Opinion noted, it has been alleged that the Debtors failed to properly preserve the estates’ ability to pursue such claims in connection with the WMB receivership), with the FIRREA bar removed, unconflicted counsel for the Debtors could commence such litigation directly against JPMC.
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Regalito para la Juez:
>> TPS is attacking the GSA point-blank and telling the Judge that she does not have the judicial authority to approve the GSA, in light of recent supreme court decisions and Anico Appeal Court decision.
>> Exactly what is needed to shoot down the GSA, which will force JPM/FDIC to approach EC for a fair settlement.
>> Rosen/WGM is implicated as a conflicted counsel for Debtor.
>> Debtor is accused for not persuing valid claims against JPM.
I doubt Judge Walrath will dare to approve GSA/POR, based on this objection.