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Chapter 11 Announced - Part 4 Revised Plan


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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 (67,000 out of 82,500).

Edited by CynicalScouter
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@CynicalScouter Thanks from me and frankly, surely everyone, for tracking on the status of National's bankruptcy pleadings, and the procedural steps, past and pending, in the Bankruptcy case. And your

Okay. Enough. If you aren't talking about court proceedings then drop it.  It would be a shame to lock this thread now.

A few random observations from watching this bankruptcy unfold over the past several months: The focus has clearly been on protecting the national organization first and then the local councils.

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3 minutes ago, CynicalScouter said:

RSA 1.0 is dead.

Behold: RSA 2.0 was just filed! Reading through it now.

Please advise as to the presence or absence of Zombies. I’m still wary and will await the “all clear” signal. Do use your flags, if you don’t mind. I’d like to test my memory, even though I hated that merit badge. 

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4 minutes ago, ThenNow said:

Please advise as to the presence or absence of Zombies. I’m still wary and will await the “all clear” signal. Do use your flags, if you don’t mind. I’d like to test my memory, even though I hated that merit badge. 

This looks like the global deal they've been wanting. This covers almost ALL claimants (67,000 out of 82,500).

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23 minutes ago, CynicalScouter said:

This looks like the global deal they've been wanting. This covers almost ALL claimants (67,000 out of 82,500).

So, what does that mean for the balance of claimants? Ciphering isn’t my forte, but those numbers don’t seem to match. Ain’t nuttin global about that to me. If it is, I guess fifteen and a half thousand of us weren’t properly tethered and got plum spun off the orb. 

Edited by ThenNow
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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.

Quote

PLEASE TAKE FURTHER NOTICE that the revised Schedule 1 to the RSA, which lists each State Court Counsel that is Party to the RSA, is attached hereto as Exhibit 3.

FIRM

CLAIMS

Slater Slater Schulman LLP

14170

ASK LLP

3277

Andrews & Thornton, AAL, ALC

3009

Eisenberg, Rothweiler, Winkler, Eisenberg & Jeck, P.C.

16869

Junell & Associates PLLC

2918

Reich & Binstock LLP

336

Krause & Kinsman Law Firm

5981

Bailey Cowan Heckaman PLLC

1026

Jason J. Joy & Associates, PLLC

690

Motley Rice LLC

343

Weller Green Toups & Terrell LLP

974

Colter Legal PLLC

162

Christina Pendleton & Associates, PLLC

309

Forman Law Offices, P.A.

125

Danziger & De Llano LLP

173

Swenson & Shelley

175

Cohen Hirsch LP (formerly Brooke F. Cohen Law, Hirsch Law Firm)

64

Damon J. Baldone PLC

471

Cutter Law, P.C.

358

Linville Johnson & Pahlke Law Group

71

Porter & Malouf P.A.

86

The Moody Law Firm

677

Levin Papantonio Thomas Mitchell Rafferty & Procter P.A.

44

Marc J Bern & Partners LLP

5893

Napoli Shkolnik PLLC

1300

Freese & Goss, PLLC

458

Hair Shunnarah Trial Attorneys

47

D. Miller and Associates, PLLC

3008

Hilliard Martinez Gonzales LLP

289

Oldham & Smith, PL

24

Mary Alexander and Associates, P.C.

74

McDonald Worley, P.C.

140

TorHoerman Law, LLC

125

Gibbs Law Group

179

Paluch Law, LLC

139

Hurley McKenna and Mertz, P.C.

4000

Davis Bethune Jones

1054

Philadelphia Lawyers Group

135

Babin Law, LLC

1012

 

 

 

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2 minutes ago, ThenNow said:

but those numbers don’t seem to match. Ain’t nuttin global about that to me. If it is, I guess fifteen and a half thousand of us weren’t properly tethered and got plum spun off the orb. 

The point I think is that number reached the 2/3rds needed (82,500*2/3=55,000) in order to approve this plan.

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1 minute ago, CynicalScouter said:

The point I think is that number reached the 2/3rds needed (82,500*2/3=55,000) in order to approve this plan.

Sounds to me like there are Zombies. Didn’t I hear someone singing, “Ding dong, the Plan is dead”? ;) I know! It’s FrankenPlan! 

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29 minutes ago, CynicalScouter said:

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 (67,000 out of 82,500).

Why let the last one expire?  I don’t get it…

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6 minutes ago, CynicalScouter said:

Lawyers representing over 70,185 claims have now agreed to RSA 2.0.

It is listed as Schedule 3 in RSA 2.0 document.

Quote

Did Kosnoff sign on?  I thought he represented 17,000 and there are 84,000 claims.  Something fishy….

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1 minute ago, Eagle1993 said:

Why let the last one expire?  I don’t get it…

1) The amendments change several items.

2) BSA was trying to line up all these claimant counsel and ran out of time?

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20 minutes ago, Eagle1993 said:

Did Kosnoff sign on?  I thought he represented 17,000 and there are 84,000 claims.  Something fishy….

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.

Edited by CynicalScouter
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8 minutes ago, CynicalScouter said:

He didn't. And I think that's the question of the Rule 2019 motion tomorrow: Now many people does Kosnoff REALLY represent?

The math is just not adding up here.

I don’t see my law firm on the list and they are supposedly representing 1600 claimants. 

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21 minutes ago, Eagle1993 said:

Did Kosnoff sign on?  I thought he represented 17,000 and there are 84,000 claims.  Something fishy….

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.

 

 

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