Ok so if the estate was $175.4 million away from hitting the Initial Sharing Threshold (IST) at the end of March (Q1), and the Board and MSC cases settled in April (Q2) according to the last PCR (Q2) only $39.25 Million was paid to Sixth Street (who will be paid 1st until $515
If we have any insurance experts here who can pull some answers on wen Mark Trittons D&O poilcy can be found @ docket 2403 attachment 1
storage.courtlistener.com/recap/gov.usco…
$BBBY
$BBBY the plantiffs in the 401k suit are asking the court for final approval of their settlement, and a fairness hearing has been scheduled for 10/9
bedbathbeyonderisa.com/?hl=en-US#:~:t…
courtlistener.com/docket/6779647…
James Hunters motion to compel the production of documents was just DENIED 🚫
Judge Buchwald ruled that the request by Hunter for more information was "not relevant to the remaining issues this case" and also "untimely and unpersuasive" 🥵
$BBBY $DKBUTFQ 🧸🏴☠️
14 months and counting now since HBC filed their Motion to Dismiss in the 20230930-DK-Butterfly-1 16b case on 7/11/24⏳🧓
courtlistener.com/docket/6849514…
This case showed up on the US Courts CJRA report back in March for a pending motion over 6 months, and the status description was
$GME if you hold shares on Webull, it looks like you will be credited for the warrants you're entitled to and will be able to exercise them if you choose to do so.
However, you will not be able to buy more warrants on their platform
for old $BBBYQ. here's a precedent example I found of a company that voluntarily entered Chapter 11, could not provide its unsecured creditors 100% recovery in the Confirmed Plan, cancelled its shares and still..
gave a distribution to old shareholders in the form of warrants..
Judge Papalia has just denied World Distribution Services' motion for:
- Summary judgment to block clawback of ~$3.2M in transfers
- Sanctions vs. Michael Goldberg for failure to perform due diligence
- Permission to countersue Goldberg for fraud 👀
WDS now has 30 days to