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Everything posted by CynicalScouter
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Chapter 11 Announced - Part 4 Revised Plan
CynicalScouter replied to Eagle1993's topic in Issues & Politics
This is Document 5671 https://casedocs.omniagentsolutions.com/cmsvol2/pub_47373/a3c50bee-30c0-49f5-ae80-862a511fd66d_5671.pdf -
Chapter 11 Announced - Part 4 Revised Plan
CynicalScouter replied to Eagle1993's topic in Issues & Politics
Buchbinder reminding people that the statement Kosnoff files under 2019 be "verified" which means "under oath" or "under penalties of perjury". So, Kosnoff's on notice this is not something his can fib even a little bit -
Chapter 11 Announced - Part 4 Revised Plan
CynicalScouter replied to Eagle1993's topic in Issues & Politics
I had to step away, but I saw the first part where the judge was saying that while AIS may have been a dysfunctional organization, it was nevertheless an organization that could be subject to Rule 2019. It is still absolutely unclear what, where, and when there is any kind of understanding of AIS. And the Coalition/Molton: making the argument that the motion for today is focused ONLY on Kosnoff/AIS, NOT the other motion. Judge: Yes, this was focused on Kosnoff/AIS, not the Coalition. Judge: Mr. Kosnoff "has now involved himself in this case through AIS and through the lette -
Chapter 11 Announced - Part 4 Revised Plan
CynicalScouter replied to Eagle1993's topic in Issues & Politics
Ruggeri: They want to know how AIS was founded, they want the names of the creditors they represent. Etc. We want to see the engagement letters for the claimants. There must be documents. Their own claimants are confused who their lawyer is. Document 5671: I don't know who my lawyer is. Claimant is asking court to identify his lawyer for him. Kosnoff was tweeting as much as this morning. NOTE: I have to stop and do actual work, but I'll listen to people and try to brief this out later. -
Chapter 11 Announced - Part 4 Revised Plan
CynicalScouter replied to Eagle1993's topic in Issues & Politics
Lauria: RSA 2.0 discussion. Issues related to the COs have come to the fore about this whole process. Amendments give both sides ability to walk away if the CO agreement reached is not acceptable. Thanks to Coalition, state court counsel representing 70,000 out of 82,500 claims now onboard. Lauria wants RSA hearing motion on August 12/13 (the dates when the disclosure hearing is suppose to happen). Lauria wants to try and do BOTH the RSA and Disclosure on those two days. Admits that is aggressive. Unlikely to conclude both issues in 2 days, likely need overflow dates. Judge: Sur -
Chapter 11 Announced - Part 4 Revised Plan
CynicalScouter replied to Eagle1993's topic in Issues & Politics
I am going to sit in on today's Zoom if I can. While the thrust of the hearing is suppose to be the Rule 2019 motion, I have absolutely no doubt whatsoever that the RSA 2.0 deal will be brought up. One more point: The Coalition/Brown Rudnick this morning just applied to have another one of its attorneys admitted to the court pro hac vice (i.e. for this case only) so that may come up first thing. Gerard T. Cicero pro hac vice https://casedocs.omniagentsolutions.com/cmsvol2/pub_47373/6c24908b-1e2e-49f2-89e3-ba500803aeca_5816.pdf -
Chapter 11 Announced - Part 4 Revised Plan
CynicalScouter replied to Eagle1993's topic in Issues & Politics
If I had to guess it is going to be to convert to facilities use agreements with the councils serving as COs -
Chapter 11 Announced - Part 4 Revised Plan
CynicalScouter replied to Eagle1993's topic in Issues & Politics
Kosnoff has got to be reading this forum. He's claiming these 16,869 attributed to Eisenberg etc. are HIS 17,000 clients/AIS' or...something. That's why the math didn't work: because Kosnoff's claiming those 16,869. -
Chapter 11 Announced - Part 4 Revised Plan
CynicalScouter replied to Eagle1993's topic in Issues & Politics
Right, the RSA accounts for that. Whatever deal gets cooked up with the COs, either side (BSA/LCs on one, TCC/FCR/Coalition on the other) can walk away from the RSA if they don't like it. -
Chapter 11 Announced - Part 4 Revised Plan
CynicalScouter replied to Eagle1993's topic in Issues & Politics
So, I'm trying to parse out what got amended and the key seems to be 6 items. Item 1 (I.A.) simply resets the deadline for the judge to approve the RSA until August 27. Fine. Items 2 & 3 (I.B. and I.C.) deal with whatever agreement is struck with the COs and gives both sides the power to terminate the RSA if they don't like what they see. Here's the TCC/Coalition/FCR's version. Item 4 changes Reimbursement, but I don't see how. Item 5 changes some language about insurance rights. Was: Now Item 6 DST Note Mechanics Was Now So -
Chapter 11 Announced - Part 4 Revised Plan
CynicalScouter replied to Eagle1993's topic in Issues & Politics
Ok, I know the general rule is no posting pictures unless they are relevant, but I'm posting the JPEGs listing all attorneys and the number of claims that are now party to RSA 2.0 (hereinafter the Zombie RSA). I just cannot see how Kosnoff can claim he represents 17,000 people. The only thing, and this is a guess, is that this is counting number of CLAIMS and not number of CLAIMANTS? Or the lawfirms listed are over-inflating their numbers? I just don't get it. -
Chapter 11 Announced - Part 4 Revised Plan
CynicalScouter replied to Eagle1993's topic in Issues & Politics
He didn't. And I think that's the question of the Rule 2019 motion tomorrow: How many people does Kosnoff REALLY represent? The math is just not adding up here. -
Chapter 11 Announced - Part 4 Revised Plan
CynicalScouter replied to Eagle1993's topic in Issues & Politics
1) The amendments change several items. 2) BSA was trying to line up all these claimant counsel and ran out of time? -
Chapter 11 Announced - Part 4 Revised Plan
CynicalScouter replied to Eagle1993's topic in Issues & Politics
That plan was. This is Plan 2.0. -
Chapter 11 Announced - Part 4 Revised Plan
CynicalScouter replied to Eagle1993's topic in Issues & Politics
The point I think is that number reached the 2/3rds needed (82,500*2/3=55,000) in order to approve this plan. -
Chapter 11 Announced - Part 4 Revised Plan
CynicalScouter replied to Eagle1993's topic in Issues & Politics
This is the global deal BSA has been begging for. Lawyers representing over 70,185 claims have now agreed to RSA 2.0. It is listed as Schedule 3 in RSA 2.0 document. FIRM CLAIMS Slater Slater Schulman LLP 14170 ASK LLP 3277 Andrews & Thornton, AAL, ALC 3009 Eisenberg, Rothweiler, Winkler, Eisenberg & Jeck, P.C. 16869 -
Chapter 11 Announced - Part 4 Revised Plan
CynicalScouter replied to Eagle1993's topic in Issues & Politics
This looks like the global deal they've been wanting. This covers almost ALL claimants (67,000 out of 82,500). -
Chapter 11 Announced - Part 4 Revised Plan
CynicalScouter replied to Eagle1993's topic in Issues & Politics
RSA 1.0 is dead. Behold: RSA 2.0 was just filed! Reading through it now. https://casedocs.omniagentsolutions.com/cmsvol2/pub_47373/ebb2c5f5-b7ba-4976-827b-ced854f51e1e_5813.pdf 1) This version adds State Court Counsel representing at least 67000 claimants 2) 30 days for judge to confirm (August 27) or it lapses again. 3) There's a new item added: if either side disagrees with the way in which the COs are the dealt with in the reorg plan, either side can walk and the RSA is void. This looks like the global deal they've been wanting. This covers almost ALL claimants -
Chapter 11 Announced - Part 4 Revised Plan
CynicalScouter replied to Eagle1993's topic in Issues & Politics
Final note: even though the RSA is dead, more and more attorneys for victims are continuing the file objections to it in case it comes back. I count at least 18 filed objections or joinders to the main objection with as I said 1000+ claimants. This plan is dead folks. -
Chapter 11 Announced - Part 4 Revised Plan
CynicalScouter replied to Eagle1993's topic in Issues & Politics
Talk about bouncing the rubble here. More attorneys are filing objections to the (now dead) RSA/joining in on the main objection filed. My count indicates that attorneys representing at least 1000 claimants have now filed against the RSA. Why? This was the main objection https://casedocs.omniagentsolutions.com/cmsvol2/pub_47373/85fba864-aa4d-42f2-b58f-b811b917c9e4_5682.pdf Of all these, I'll just focus on two: C and D and I'll take D first. In short, under D, there is no way a Settlement Trustee should have the unfettered power of a trial judge to decide the value o -
Chapter 11 Announced - Part 4 Revised Plan
CynicalScouter replied to Eagle1993's topic in Issues & Politics
They are listed and hyperlinked in the Notice as Item #3. https://casedocs.omniagentsolutions.com/cmsvol2/pub_47373/f95e4e86-78ce-4d19-be88-7cb86c87df68_5810.pdf -
Chapter 11 Announced - Part 4 Revised Plan
CynicalScouter replied to Eagle1993's topic in Issues & Politics
Have to say I am surprised that the media has not run this story yet. Even the bankruptcy focused media has been from what I can see silent. -
Chapter 11 Announced - Part 4 Revised Plan
CynicalScouter replied to Eagle1993's topic in Issues & Politics
Nice. This is just epic level trolling. The insurance companies have now filed a supplement to their Rule 2019 motion that consists of nothing but Kosnoff's tweets mocking the judge and indicating that he (Kosnoff) is the one truly in charge of the 17000 clients. https://casedocs.omniagentsolutions.com/cmsvol2/pub_47373/861e377e-a772-42e9-8779-1b90257e5fab_5804.pdf -
Scout "Chaperone" Places Cameras
CynicalScouter replied to 5thGenTexan's topic in Open Discussion - Program
Wrong board.