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Non-Tech : Golden State (GSB) formerly Glendale Savings
GSB 9.4800.0%Aug 28 5:00 PM EST
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To: Richard A. Green who wrote (60)3/20/2000 10:41:00 AM
From: Herc  Read Replies (1) of 75
 
I read that the litigation warrants entitles the holder to GSB shares worth 85% of the reward less taxes/expenses. So I'm assuming the remaining 15% will go into GSB's assets. But there was also about a $900 million award to Glendale Federal. Does GSB get this also?

I'm holding onto my LLND shares at these levels because I think the banks have a very strong case.

Thanks for the link. News on LLND is hard to find. The only mention I could find was on Bloomberg.
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