El Juez opina en GOW
Rosen et. al. are just playing their part: This "reservation of the right to object" is not a "motion" and means nothing. It is merely a pro forma exercise, and at most is just telegraphing to EC "Don't spend a lot of money on unnecessary valuation experts." Until the very moment when it actually happens that A>L on the official balance sheet WMI's lawyer's are bound to chant the mantra of insolvency, especially since they haven't yet submitted their reorganization plan to the court. Meanwhile, they (Weil) are merely jealous of their control over the direction of the litigation and don't want the EC to get in the way of their strategic plan. I'm betting they still feel/believe they are fulfilling their fiduciary duty to equity as well as debt, despite our Monday-morning quarterbacking. I'm not buying a Weil/Debt conspiracy, but still give thanks for Saint Joyce and the EC.
TIC TAC PARA VENABLE Y EL EC