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Objeción de COViSAL al acuerdo con el BDO

COViSAL
For Justice & Restitution
_______________________________________________________________


1 de julio, 2015
Clerk of the Court United States District Court Northern District of Texas 1100 Commerce Street Dallas, Texas 75242
ATTN: Chambers of the Honorable David Godbey
Case 3:09-CV-0298-N, Case No. 3:12-CV-01447-N and Case No. 3:11-cv-01115-N.
Nosotros objetamos al monto del acuerdo con el BDO en el Caso No. 3:12-CV-01447 y Case No. 3:11-cv-01115-N, por $40 millones de dólares, de los cuales los abogados recibirán $10 millones de dólares y las familias inocentes centavos.
La demanda original buscaba $10,7 mil millones de dólares en daños actuales y, el acuerdo propuesto de $40 millones es por menos de la mitad del 1 por ciento. ¿Por qué los abogados están aceptando estos montos mezquinos?
Hay 75 demandas que esperan resolución del tribunal de acuerdo al sexto reporte conjunto del Síndico y el Examinador presentado al tribunal, referente a las mociones legales pendientes que han si…

COViSAL's objection to BDO's proposed agreement

COViSAL
For Justice & Restitution
_______________________________________________________________


July 1, 2015
Clerk of the Court United States District Court Northern District of Texas 1100 Commerce Street Dallas, Texas 75242
ATTN: Chambers of the Honorable David Godbey
Case 3:09-CV-0298-N, Case No. 3:12-CV-01447-N and Case No. 3:11-cv-01115-N.

We object to the BDO settlement amount in Case No. 3:12-CV-01447-N and Case No. 3:11-cv-01115-N, for $40 million, of which attorneys will receive $10 million dollars, and innocent families pennies.
The lawsuit was originally seeking actual damages of $10.7 billion, and the proposed settlement of $40 million is less than one half of 1 percent. Why are the attorneys accepting such meager amounts?
There are 75 lawsuits awaiting ruling by the Court listed in the Receiver’s and Examiner’s sixth joint advisory to the court regarding pending motions that have been fully briefed in cases filed by the Receiver or the Official Stanford Investors Committee (“OSI…