請問12daily Pro的信
發表於 : 2008-04-13 10:30雖然已經半放棄
但收到信還是很關心
請問以下在講的是什麼？
With the assistance of U.S. Magistrate Judge Paul A b rams in the United States District Court for the Central District of California and after long and protracted negotiations, I reached a settlement with StormPay. You can find the Notice of Motion and Motion for an Order Approving the Settlement Agreement with StormPay, the settlement agreement and the supporting pleadings at the Receiver's we b site: http://www.tlennonfor12dailypro.com.
Under the settlement, the receivership estate will receive $11,750,000 and StormPay's claims against 12DP in excess of $16 million will b e waived b y StormPay. I b elieve that approval of the Settlement Agreement is in the b est interest of the estate and its creditors b ecause it maximizes the return to the receivership estate with minimal expense and ensures a much quicker distri b ution to investors. Litigation involves certain risks and would necessarily involve considera b le delay and significant expenses. If the claims were litigated, distri b utions to investors could b e delayed b y over a year and the costs to litigate could exceed $750,000.
The funds o b tained from this settlement, plus the funds the estate currently holds in the approximate amount of $5 million, along with interest earned on these monies and other recoveries, will b e utilized to pay the fees and expenses of the receivership and the remaining funds will b ecome the b asis for the recommended distri b ution to investors. The pro-rata distri b ution percentage will not b e known until total claims and net cash availa b le for distri b ution are determined. The Receiver and his professionals are currently working on b oth of these issues.
Please review the Motion, other moving papers, and settlement agreement, which describe the facts and settlement in detail, before contacting my office with questions or concerns.
Please click here to log that you have viewed this document：
這句又是要做什麼
煩請幫忙一下，感謝回答
但收到信還是很關心
請問以下在講的是什麼？
With the assistance of U.S. Magistrate Judge Paul A b rams in the United States District Court for the Central District of California and after long and protracted negotiations, I reached a settlement with StormPay. You can find the Notice of Motion and Motion for an Order Approving the Settlement Agreement with StormPay, the settlement agreement and the supporting pleadings at the Receiver's we b site: http://www.tlennonfor12dailypro.com.
Under the settlement, the receivership estate will receive $11,750,000 and StormPay's claims against 12DP in excess of $16 million will b e waived b y StormPay. I b elieve that approval of the Settlement Agreement is in the b est interest of the estate and its creditors b ecause it maximizes the return to the receivership estate with minimal expense and ensures a much quicker distri b ution to investors. Litigation involves certain risks and would necessarily involve considera b le delay and significant expenses. If the claims were litigated, distri b utions to investors could b e delayed b y over a year and the costs to litigate could exceed $750,000.
The funds o b tained from this settlement, plus the funds the estate currently holds in the approximate amount of $5 million, along with interest earned on these monies and other recoveries, will b e utilized to pay the fees and expenses of the receivership and the remaining funds will b ecome the b asis for the recommended distri b ution to investors. The pro-rata distri b ution percentage will not b e known until total claims and net cash availa b le for distri b ution are determined. The Receiver and his professionals are currently working on b oth of these issues.
Please review the Motion, other moving papers, and settlement agreement, which describe the facts and settlement in detail, before contacting my office with questions or concerns.
Please click here to log that you have viewed this document：
這句又是要做什麼
煩請幫忙一下，感謝回答