I don't think anyone should be surprised if it ends up in the New York courts. I can't see JMW really wanting to take on GS. Maybe the delay until February is just about venue, but then again maybe not. We are used to waiting.
Yes, we are!! These months go by fast. We are all anxious and ready to see something happen other than watch the WMIH shares creep up over these past two weeks!!
One thing I know for sure is a lot will happen in 2013 .....
WMILT activity ....
1) lawyers (Rosen/Weil) filed for everything under the sun from the employees/D&Os who have claims to produce before they go to trial. As that all gets worked out, there will probably start to be more negotiated claims and claims dropped. Those claims take up a bulk of the DCR funds.
2) We've got the D&O claims working in WA. state. I haven't seen any other filings on that ... maybe someone can update us if they are following it. It should be progressing along as it has been nearly a year since it started in the BK court.
3) UN-released creditors/PIERS have until 3/15/13 to release or those funds are freed up for WMILT.
4) Now we've got GS discovery moved out to Feb. So that will start to take on filings and actions between first of the year and then.
WMIH activity ...
the main deadline date is August 2013 for shareholder meeting. That means MW & BOD have less than 6 months to actually show what they got or they probably won't be around after August. There's enough talent on that BOD that they should be pushing Blackstone to find a deal and make it happen. They have $100MM in the credit facility, they have another 300MM commons shares and 5MM Preferreds to use for capital so they have the means if they find the right fit!!
I say first two quarters of 2013 will be busy!!!