3/7/12 Motion Filed Objecting to SIPA Trustee’s Release (Docket #1004). CCC’s current recommendation: please consult your attorney as you may be giving up your right to recover additional funds from other sources. CCC to discuss with Trustee Giddens and will issue follow-up guidance.

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9 Comments

  1. Telling me to “consult my attorney” would seem reasonable, except that YOU ARE my attorney. How about you take a position on which words we should strike out before signing?

    • F A:

      I think the post ended with the words:

      “….. CCC to discuss with Trustee Giddens and will issue follow-up guidance.”

      Unless you think it makes more sense to issue specific guidance before they meet with the trsutee, and before the judge rules on the motion in the docket mentioned below.

      I assume you read the other comments, responses, and the motion referred to in docket #1004.

      HTH calm you down a bit.

        • Agreed. Giddens does not seem to have our interests at the top of his priority list it would appear, however, something he may [or may not] say when the CCC meets with him on this matter could give the CCC a better idea as to what to recommend. In addition, as mentioned previously, there is a pending motion in front of the judge, and his decision will definitely have an impact on whatever CCC recommends.

  2. Hilary: Thanks for the lead to the motion. I guess I am wondering (and I realize you have no answer yet), how the hell the trustee can attemptt o take away our rights to sue anyone, without even an exclusion for fraud for example. It is beyond belief. It is rare to see a contract that attempts to deny a parties ability to sue for recovery even if it is found that one of the parties acted fraudulantly. I certainly hope the judge will hold Giddens feet to the fire for such a blatant attempt at bullying people who have little if no legal grounding, and will simply sign a form like this without truly understanding what they are “giving away”. We are not, for t he most part, lawyers. We are farmers, electricians, computer programmers, etc. What a set of b**ls Giddens has to attempt to put this over on us.

    • I felt I had to sign in order to receive any future bulk transfers. I can only come up with conspiracy theories to explain why the Trustee would want us to give up the possibility of future recovery.

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