All this starts on page 410. I'm just looking at the bottom of page 425. I can't copy and paste so i'm paraphrasing.
Thus, the court concludes that there is no justification to prevent the rule 2004 examination of JPM simply because the debtors may obtain evidence which could be used in a pending proceeding in which JPM is not yet a party. One of the primary purposes of a rule 2004 examination is as a pre-litigation device. See Table Talk, 51 B. R. at 145-46. Consequently the court, should not permit a party to avoid examintion simply by filing a motion to intervene in a pending proceeding against a third party.
Since JPM is not party to the DC Action, the concern that the debtors are attempting to circumvent the Federal Rules of civil procedure is not present. The relatedness of of the DC Action to thedebtors requested 2004 examination is not relevant.
Accordingly, the court concludes the debtors motion to conduct a rule 2004 examination of JPM is appropriate. The court will grant the debtors motion.
This was granted on June 24, 2009
Something tells me commons are going to be staying around .16 all day long. Got to love it when people won't allow share prices to keep climbing north. Jpm isn't even being allowed to go south of $40.50 today.
I was looking thru my list of daily share prices and i saw that when the discovery ruling was granted on June 24th shares of commons closed at around .10. Now on Sept 21st commons closed at .40, what on earth gives??? What don't we know that caused commons to close this high?
Who knows,seems like when the MM's decide to let some shares go they run..We're meeting resistence@.16 and change.100,000 will come thru at 169 then 250 will come thru at 162 with what we know .40-.50 is still short..Thanks for your work Army
Are you saying JPM bought WMI knowing full well the bank was never insolvent, was well capitalized, and never had a liquidity crisis regardless of what the FDIC or OTS said?
I'm sure they'd never do anything like that. JPM is a model citzen for the banking community. They have nothing but the highest ethical standards.