Zitat:
Parker objecting on several grounds...
JMW discussing merits of objection
Parker is good!
JMW ruling Gropper can be asked about invesment thinking, in general, but no specifics or modeling JMW will reserve decision on relevance
Talking now about time leading up to 2nd confidentiality agreement...Aurelius did trade freeling, investing in sub-debt
JMW sustained Parker's objection...finally
Parker objecting to putting documents into evidence (re trading docs)
@kingof_board there have been numerous times Parker has objected given that documents establishing trading models were not produced for EC
@kingof_board Cont. So that any discussion of the reasons why they were trading has been then improper discussions.
@kingof_board Cont. Gropper ruled "not custodian" of docs, so two exhibits not accepted into evidence
Now talking about 2nd confidentialty agreement. Aurelius chose to restrict trading. They learned of much higher than anticipated NOLs then
Next plan proposal had JPM returning deposits and giving some of the NOLs to Debtor
Debtor sent proposal to JPM and a week or so later, they repsonded to it
JPM sent backa response, changing the terms...still very far apart
JPM wanted to keep original NOLs and give back NOLs for the newly extended NOLs to Debtor (new bill)
Confidentiality agreement ended 12/30
Once again, at the end of the confidentialty agreement, Aurelius resumed trading
Aurelius was not a participant in further negotiations but started looking at ways to utilize NOLs
Aurelius was not a party to the deal announced in March 2010 and it was very different than deal they were working on in 2090
On short break...out in hall...overhearing conversations re SEC/securities law...mood still much more somber than previously.
BR and Fried Frank attorneys talking
Sitting next to a bondholder who is spitting mad that I'm here and tweeting...I guess everyone is out w talons exposed
@kingof_board ilene@delawareshareholderservices.com
Parker on cross: aurelius owned no Wamu securities prior to BK...yet w no prior info or contacts you made a sizeable "bet"
@twittytwister35 I agree...she has been extremely hostile to me since she sat down and then some public comment re me tweeting
@twittytwister35 cont. To k. Killenger's atty sitting right next to her
Parker is talking about docket # 74, if you wantto pull it up
Parker is my new hero :)
Debtor w/Drew the motion in Jan '09 (#74)
@tvdMD haha! Thank god for teenage daughters :)
Parker trying to trip up Gropper on the issue of confidential information he had
So the issue is did some people know about settlement negotiations but opted not to sign "confie" agreements??
So JPM agrees to give the 4.1B back to WMI at the same time they file an adversary proceeding against WMI for the same 4.1B??
Debtor then proposed another settlement in April...Gropper getting a bit hung up on his knowledge/testimony
@xbarron aw shucks!
Parker: you said this proposal was not important, is that right? And your attorney, and then you, were on the phone protesting it?
Blocking position is equal to at least one-third of a particular class of securities
Gropper is smooth, but he has had to admit several times that he mis-spoke
From an email it would seem that Gropper did know the nature of the newer proposal
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Zitatende
MfG.L:)
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