What a joke. Judge Drain is a typical judge who rather a plea bargain then have to rule in courts merits of right and wrong. Maybe the coronavirus will delay trial and allow corrupt management to earn more.
6 replies (most recent on top)
Lol there actually is an id–t on here blaming the guy who started paetec for the LR5's mess. Like blaming Bush for c-ap happening today, nobody forced jeff gardner to buy.
Elliot is going to clean house, just give it a few months. No more existing exec's or board members!
The REIT was designed to protect Windstream from imminent bankruptcy. Windstream didn’t follow the proper process to gain bond holders approvals in 2015. Can’t believe he had said they reduced debt by 4 billion. It’s not like he financially managed to pay off the debt.
Funny how windstream and the creditors come out making money while investors and employees lose their shirts.....as stated this was all by design. Uniti is just a shell company and their execs were appointed by Tony and the LR5. They are on the same team, they never had any issues with one another. Just a show for the press and courts.
Oh please, you don’t see any bankruptcy courts coming after these guys with a paddle for press leaking do you?? This fix was in from the moment the bought Paetec. Heck, I think Aruba’s is in on it, he probably cooked this scheme up. The new white collar way- deception, it’s really not a crime unless you’re an investor!
Judge Drain has not approved any settlement. This settlement has been proposed by Elliott, Windstream and Uniti. Windstream and Uniti put out press releases making it sound like a done deal but it's not. Creditors are filing motions complaining about the proposal.
If everybody welcome to agreement on a settlement, then sure, Judge Drain won't rule. If they can't agree, then he will rule.