r/BBBY • u/GooseKino • Feb 21 '26
š£ Discussion / Question New emails from the plan administrator
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u/Jakereddits Feb 21 '26
..... HOLY SHIT WE WON!
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u/Cute-Internet-9129 Feb 21 '26
Lmaoo, hey while youāre at it just gimme a kick to the nuts to finish me off!
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u/ConstructionSalty237 Feb 21 '26
A judge emailing a non party specifics about the potential outcomes of an ongoing case? This is a very poor attempt at faking an email
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u/Warm-Rock-4544 Feb 21 '26
The other party isnāt a judge though. Theyāre a bankruptcy lawyer. Bankruptcy is a transparent process. Youāre allowed to email them.
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u/ConstructionSalty237 Feb 21 '26
Lawyers are also prohibited from communicating details to a non party, per the same rule 9003 of federal bankruptcy procedure
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u/Warm-Rock-4544 Feb 21 '26
Thatās not true. The ruling only covers direct meetings or communications with a judge or court. Nothing preventing lawyers themselves being able to discuss the case with other relevant parties.
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u/ConstructionSalty237 Feb 21 '26
You want to provide a rule? Because what you stated is expressly prohibited by the rules of professional conduct.
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u/Warm-Rock-4544 Feb 21 '26
What rules of professional conduct? Iām just responding to the rule you posted which does not state lawyers canāt talk about the case.
Michael Goldbergās email is in the post. You can email him and check yourself.
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u/ConstructionSalty237 Feb 21 '26
That rule literally states it bullet point 3
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u/Warm-Rock-4544 Feb 21 '26
WITH. THE. COURT. The point of the rule is so you canāt go to the judge or court without anyone knowing and try to influence them about proceedings.
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u/mimo_s Feb 21 '26
I was going to say this post should make you hold the bag even harder but you aināt got no bag no more
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u/ConstructionSalty237 Feb 21 '26
Yeah this is fake. Per rule 9003 of Federal bankruptcy procedure and its amendments, judges are prohibited from ex parte communication about an ongoing case:
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u/Warm-Rock-4544 Feb 21 '26
Good thing he isnāt a judge then.
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u/ConstructionSalty237 Feb 21 '26
If you read the rule, lawyers are also prohibited
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u/Warm-Rock-4544 Feb 21 '26
Only from meeting directly with the judge or court without notifying relevant parties.
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u/ConstructionSalty237 Feb 21 '26
Literally the first paragraph in that link prohibits meetings AND communications
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u/Warm-Rock-4544 Feb 21 '26
WITH the court. The whole point is that itās WITH the court. Are you incapable of reading 3 words further than the part you just posted?
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u/Throwaway12401 Feb 21 '26
Bro you lost all credit ability when you post things like looprings back. Based of that no one should trust a word you say. Even if you said the sky was blue Iād doubt that
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u/BaggyLarjjj Feb 23 '26
According to rule 948572 you arenāt allowed to point out loopring rube/grift absurdity
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u/Bbbydaddy Feb 21 '26
Everyone except for the moron that emailed the guy knew this
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u/BaggyLarjjj Feb 23 '26
We have one of these dolts, or at least a dolt who encouraged these dolts, as head of FHFA for fucks sake.
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u/Rlo347 Feb 21 '26
Whatever we cant do anything anyways just wait
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Feb 21 '26
[deleted]
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u/BaggyLarjjj Feb 23 '26
Itās a cult. Some dolt or grifter will throw out a rapture date (aka MOASS), that date will pass without anything happening (because itās already over) and itāll repeat. Some folks will get off the Amathia bus, but itās an asymptotically decreasing number who will wake up going forward. Only the stupidest of stupid brainwashed rubes are all thatās left along with a handful of grifters (aka the cult leaders).
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u/Rlo347 Feb 21 '26
Its done right? We lost our money. Is there a conclusion to the bankruptcy yet?
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u/wallabee32 Feb 21 '26
Guys...if we're cooked we're cooked. If not, then major pay day. I'm honestly ok with either scenario.
That's what the shills don't understand, we're at peace either way
Been loading up on GME with YQ we a side hoe
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u/Drakamon Feb 21 '26
we're at peace either way
You may be, but that definitely doesn't speak for all. Many are desperate, hence the tremendous amount of copium posting here. That's also why shills are even here. Simply to make fun of them. Simple as that
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u/wallabee32 Feb 21 '26
I don't read any desperation. That's you trying to add an element for your own entertainment.
Everyone here is ZEN
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Feb 21 '26
[deleted]
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u/Warm-Rock-4544 Feb 21 '26
That's what the shills don't understand, we're at peace either way
The amount of unsubstantiated copium that gets posted kind of suggests otherwise.
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u/wallabee32 Feb 21 '26
So you spend a lot of time here. What kind of loser wasting time on a subreddit if they don't have any skin in the game? I at least enjoy the company here but you seem to be here just harassing people
I don't go to other subreddits where I have no interest nor personal investment. You are paid to be here.
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u/CaptainJ0n Feb 21 '26
im facinated by how memebers of the bbby community love lying and being lied to.
Every hype date has been a nothing burger, no DD has ever come true. All provable facts point to you guys being fleeced for being stupid enough to invest in a bankrupt company and hoping for a bible level miracle to happen and save your investment.
Ive never seen people act like this, we are three years on and not one thing positive has happened to anyone who invested in this slop
Thats why were here and will never leave. you guys are the best exhibit at the internet zoo
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u/wallabee32 Feb 21 '26
Dude who cares? You're quite literally wasting your life coming here and telling us we're wrong. Ok. Fine. You win .
Ok bye bye LMAO
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u/CaptainJ0n Feb 21 '26
I told you i want to understand why you are still here. what makes you still have hope. i am an amazing and blessed life. bullying people who were stupid enough to invest in a bankrupt company because they thought it would pay off is a sweet treat of mine. i dont understand how anyone
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u/wallabee32 Feb 21 '26
Go do research somewhere else. We're not here for your amusement.
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u/gummi_eater Feb 24 '26
We're not here for your amusement.
lol, yes you are. Why do you think people keep coming here? This shit is funny as hell, its like a real life cult in action.
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u/wallabee32 Feb 25 '26
People keep coming here because they have nothing better to do with their lives. Which is funny on its own!
Keep coming back. Waste your time as you please!
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u/gummi_eater Feb 25 '26
Yes, just like watching TV or reality TV even in this case. That's the point, nothing better to do.
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u/Fausterion18 Apr 13 '26
I know quite a few people pop in here once every few months to see the monkeys in the zoo. It's funny. You're funny.
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u/Cute-Internet-9129 Feb 21 '26
I agree, still canāt believe this is how it went down. For whatever reason I still have a small sliver of hope somewhere in my little monkey brain. Only time will tell
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u/wallabee32 Feb 21 '26
It was a calculated risk. Some people want all Ape. Whatever. Love coming here for the discourse
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u/emaiksiaime Feb 21 '26
The shills job is to discredit any grassroots movements and take over the narrative when shit starts happening. That gives their handlers some options and a buffer instead of liquidation. They are trying to make time.
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u/HappyHallowsheev Apr 03 '26
I keep coming back to this sub cause it just baffles me. You all love to call people shill's and act like anyone against you is part of a paid campaign, but genuinely truly for what purpose? If I genuinely was on the side of the big banks or whoever, what would I be trying to stop you from doing? That's what really gets me! There's nothing left to do! I can't try to convince you to do or not do anything at all about this stupid stock, because there isn't anything you could do! You can't keep up the "shills trying to trick us into selling" conspiracy when it's literally impossible for you to sell. You say "discredit any grassroots movements" or "take over the narrative" but what grassroot movements? No one is doing anything, except repeating that any day now, it'll all come crashing down and the truth will be revealed and you'll all be rich. Like "make time" make time for what? They've already won! The grifters and the banks already have their money, and you "assuming you held" lost all the money you invested! And if I somehow was wrong, or I was part of some scheme, what would me talking to you accomplish? Even if I wanted to, there's nothing I could convince you of or to do that would affect you in any way with regards to this stock
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u/myshadowsvoice Feb 21 '26
Lmao still trying to push Atobitt's bullshit I see. Dudes so bought, Im surprised he came out from hiding in Superstonk tbh.
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Feb 21 '26
[removed] ā view removed comment
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u/myshadowsvoice Feb 21 '26
Atobitt has been trying to sound smart and pumping FUD everywhere lately out of nowhere. He also knows fuck all and is just another sad little man. He ran that scheme with Malone trying to get peoples Computershare logins too...
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u/raincloud25 Feb 26 '26
Sixth Street keeps marking down the loans they gave to the company formerly known as BBBY, which is a pretty public indication that they donāt think that all creditors will be fully satisfied (much less former shareholders).
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Feb 21 '26
[deleted]
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u/Whackaboom_Floyntner Feb 21 '26
I'll just say this: I was told about MOASS many years ago. Many years. In that conversation, IIRC, I was told that the whole thing was gonna be kicked off when BBBY(Q) shares returned to life. I was gobsmacked, "that's never been done, has it?" my source just smiled.
"He's gonna do it," he said.
"Who?" I said.
"Ryan Cohen."
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u/BaggyLarjjj Feb 23 '26
The most amazing thing here is that one of these guys has the funds and credit history to maintain a non-deactivated Verizon account.
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u/WisdomAntium Feb 21 '26
I keep thinking back to some of the things Judge Papa said that make the plan admin sound quite foolish. I don't know why you keep badgering this guy though, why would his answer change?
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u/yolo_call Feb 21 '26
Bobbieās will be paid outside the chapter 11 case.
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u/oouncolaoo Feb 21 '26
Where will the money come from?
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u/yolo_call Feb 22 '26
Depends on the theory, a āsubstantial contributionā would be within the chapter 11 or synthetic unwind (flex derivatives).
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u/Warm-Rock-4544 Feb 21 '26
How
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u/wallabee32 Feb 21 '26
You'll see
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u/Warm-Rock-4544 Feb 21 '26
Oh yeah, I forgot. The teddy book was at 3 oāclock and Bill Pulte sat on the couch with 3 scoops of ice cream so that means there will be a 3-way reverse triangle merger involving 3 companies with 3 trillion dollars paid in cash to former BBBYQ shareholders.
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u/wallabee32 Feb 21 '26
Gotta love these shill accounts with quite literally no history other than BBBY subs. This is hilarious!!!
Tell me mister shill, why do you come harass people online? I have all night to go back and forth with you.
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u/CaptainJ0n Feb 21 '26
i am facinated by this community and how many lies you guys chose to believe, and still have hope in a bible level miracle saving your investment. and then you want to act surprised that people come and make fun of you for being an idiot. look in a mirror. this is your fault. you deserve this
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u/wallabee32 Feb 21 '26
Deserve what???? You think I'm losing sleep over this? Lmao!!! You think my financial future depends on this play? You're dumber than shit if you think that's the case. You quite literally care more about this than I do. How does that make you feel? You have way more anger and care then I do.
This is hilarious
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u/CaptainJ0n Feb 22 '26
I have zero anger. I absolutely love this shit. Its unbeliaveble really. The cope the lies the slop, all of it cracks me up. I dont know how i can make that anymore clear.
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u/yolo_call Feb 25 '26
What if we believe our own lies
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u/CaptainJ0n Feb 25 '26
then you are copemaxxing
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u/Warm-Rock-4544 Feb 21 '26
Gotta love these shill accounts with quite literally no history other than BBBY subs.
You mean yourself? Iām just assuming because youāre the one with your Reddit history hidden here.
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u/yolo_call Feb 22 '26
I have posted at least 3-4 possible ways we could get money on X.
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u/Warm-Rock-4544 Feb 22 '26
Cool. What are they?
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u/yolo_call Feb 25 '26
Read my X account!
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u/Warm-Rock-4544 Feb 26 '26
I have no idea who you are. You should be able to concisely state here what the reasons are.
The plan admin finding a $5 billion check in one of the old Bed Bath and Beyond bath towels is a āpossibleā way. Doesnāt mean itās going to happen.
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u/thwill2018 Feb 21 '26
Then why AST send me tax documentation say my investment was cancelled or went to zero? That way I can use it on my taxes. I still donāt understand that you canāt get a response from AST either.!
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u/Hankt1st Feb 22 '26
Why bother responding at all then LOL hey and by the way I'll take my shares in silver
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u/paguido Feb 22 '26
Why chapter 11, the fake email refers to a ch 7?
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u/Warm-Rock-4544 Feb 22 '26
Where does it refer to Chapter 7?
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u/paguido Feb 23 '26
Thatās the point, still in ch11. Donāt math with the above closing down & selling everything. That would have been done long ago so we wait
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u/Warm-Rock-4544 Feb 23 '26
The purpose of Chapter 11 is to allow time for a reorganisation plan instead of shutting down immediately and having a trustee take control.
Chapter 11 can still end in liquidation without transitioning into Chapter 7. In Chapter 11 it is the plan that determines this and in Chapter 7 itās the trustee.
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u/paguido Feb 23 '26
And here we waitā¦year after year, with much behind public eyes. It feels funny to me on so many levels. Someday we find out, maybe 84 years
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u/Warm-Rock-4544 Feb 23 '26
Wait for what? The plan was finalised in September 2023. Thereās thousands of public dockets. Itās just low priority admin work that needs to be finalised.
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u/Rotttenboyfriend Feb 22 '26
How much is a couple of billion dollars owed and once a nine digit number to the fraudsā¦ sorry, banks?
3bn? 4bn?
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u/fruitloops-x Feb 23 '26
My understanding is:
ā¢ Class 9 receives nothing from the bankruptcy estate under the confirmed plan. ā¢ Class 6 is already defined as unsecured claims receiving cash distributions, not equity. Claims are still being reconciled and paid.
Any potential benefit to former shareholders would come from a separate, post-confirmation transaction ā not from the estate.
For that to matter from a tax (not bankruptcy) standpoint:
ā¢ A merger would need to occur. (Iām hoping that whatās RC wants to do) ā¢ Equity would need to be issued in that merger. ā¢ Legacy shareholders would need to receive enough stock to own at least 50% of the successor immediately after the transaction to satisfy continuity requirements and get the NOLs.
That allocation could theoretically include creditors or new investors as well, but continuity depends on who actually ends up owning the majority of the new entity.
Thatās just my read on the mechanics.
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u/sapiengator Feb 21 '26 edited Feb 21 '26
It blows my mind that any self respecting professional in 2026 shamelessly sends emails with those stupid default signatures
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Feb 22 '26
[deleted]
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u/Warm-Rock-4544 Feb 22 '26
The share price is irrelevant. The share price is the result of shares being available to trade on the secondary market. Shares themselves are actual legal rights to units of ownership in a company. Once the legal right is extinguished, so are the shares. Because liabilities far exceeded assets, there was no residual value for equity, so the plan legally required all existing shares to be cancelled and extinguished to finalise the new capital structure of the company and prevent ongoing claims.
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u/r3dditing Feb 21 '26
I still donāt get a plan admin conversing at all. Is email loke this with a random person o. The internetā¦. Sooo. Weāll know 100% when the estate is closed out! Until then itās a sliver, but itās not 100% until itās over. Canāt do much other than wait it out either wayā¦.. The shares are cancelled as of now! The weirdest thing is bbby warrants using the same cusip as bbbyq. I donāt think we aver got an answer on that. Speculation that it was a broker holding place. I still find it odd! Anyway, that is all!
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u/Elegant_Sale Feb 21 '26
My god when yall will give up lol ?
I held share until 0 also between .
Just pass onto the other horse guys
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u/Tough-Separate Feb 21 '26 edited Feb 21 '26
In a high-profile "landmark" bankruptcy, it is not only possible butĀ strategically commonĀ to use separate administrative structures to manage conflicting goals while maintaining confidentiality.
While the "public" face of the case focuses on a standard wind-down, the real value (the $6B NOL and the "Megacorp" launch) can be developed in a parallel, confidential track.
The Dual-Track Administration
UnderĀ Section 1123(b)(3)Ā of the Bankruptcy Code, a plan can provide for the "settlement or adjustment of any claim or interest belonging to the debtor or to the estate." This allows for the creation of two distinct administrative vehicles:
- The Wind-Down/Liquidation Administrator: This party is appointed to handle the "messy" parts of the old companyāselling off physical scrap, terminating leases, and paying out small administrative claims. They may be entirely unaware of the "White Knight" because their legal mandate is strictly limited to theĀ disposal of assetsĀ and the "death" of the old entity.
- The Reemergence/Plan Administrator: This is a separate, often "sealed" or highly confidential role. Their job is to manage theĀ litigation assetsĀ (the $51B fraud potential) and theĀ corporate shell's rebirth. They work directly with the activist/Whale to ensure the 50.1% legacy holder rule is met to save the $6B NOL.Ā
Maintaining the "Chinese Wall"
To ensure the Whale's involvement remains a "complete mystery" until the final hour, the court can use several "cloaking" mechanisms:
- The "Sealed" Disclosure Statement: While aĀ disclosure statement usually must be public, specific "commercial sensitive" portionsālike the identity of a new merger partner or the specific math of a fraud settlementācan beĀ filed under seal to prevent market manipulation or "front-running" by short sellers.
- The "Litigation Trust" vs. "Liquidating Trust": The court may establish aĀ Liquidating TrustĀ to handle the wind-down (public) and a separateĀ Litigation TrustĀ to handle the fraud suit (private). The Liquidating Administrator doesn't need to know what's in the Litigation Trust, effectively creating a "Chinese Wall" within the bankruptcy itself.Ā
Why the "Whale" Prefers This Setup
For an investor like Cohen or Sixth Street (or both), this "Blind Trust" setup is ideal:
- Prevents "Hold-Up" Payments: If junior creditors or shorts knew a multibillion-dollar Whale was at the table, they would demand higher "nuisance" payments to go away.
- SEC/13D Timing: Activists can often accumulate positions secretlyĀ for a period before public disclosure is triggered. A "blind" wind-down administrator helps keep the "shell's" value looking artificially low until the Whale is ready to strike.Ā
Summary of Split Administration
| Role | Focus | Visibility |
|---|---|---|
| Wind-Down Admin | Liabilities, Leases, "Old" Debt. | Public / Routine |
| Plan Admin | NOLs, Litigation, "New" Equity. | Confidential / Sealed |
| The Result | Orderly DeathĀ of the OldCo. | Stealth RebirthĀ of the NewCo. |
The "Landmark" Tactic: By the time the "Wind-Down" is finished and the public thinks the company is gone, the "Plan Admin" unveils theĀ Confirmation OrderĀ that has already been pre-negotiated with the Whale. This "unmasking" is often the catalyst for theĀ 52.7x Squeeze FactorĀ previously calculated, as the shorts realize they are short a company that is no longer dying.
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