FPA Medical Management - FPAMQ Message Board

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Biotech / Medical : FPA Medical Management - FPAMQ

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next

To: Kurthend who wrote (1023)	7/23/1998 11:49:00 PM
From: Ben Beale	Read Replies (1) of 1110

Kurt, Re; your comments on Dr. Dresnick's failure to mention his fiduciary duties towards the owners of FPA, I think you're right. His focus is on saying whatever it takes for him to come out ahead. However, don't loose confidence in the judge. Based on what he had in front of him, he OK'd the new loans because that there is no reasonable alternative. I'm confident the judge will follow the law and put secured creditors first, unsecured second, and owners last. Where we'll want to draw a distinction for the court is that under the Dresnick plan, shareholder's interests are cancelled. We have a property interest that the judge has sworn an oath to protect. I'm hopeful the court will have no interest in being involved with such an aberation. Bankruptcy judges stand knee deep in you-know-what all the time and usually manage to wade through it so that no one gets an undeserved windfall. Time will tell... r/s Ben

Report TOU Violation

Share This Post

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next