RE:AKIN GUMP STRAUSS HAUER & FELD LLP HAS BEEN RETAINEDI read the article on Akin Gump being engaged as counsel to a group of unsecured noteholders. There is nothing in the article suggesting they were engaged as bankuptcy counsel. Noteholders are pissed about the recent precipitous decline in the value of the bonds, but that doesn't mean that bankruptcy is imminent. They are likely trying to figure out whether they can get something above what the bonds are trading at today. This is actually bullish since it might suggest that there is a significant group of noteholders who would be willing to take a significant hair cut today to avoid the potential for further losses down the road. There is a significant delveraging opportunity here....
Health123 wrote: ... By Bondholders..... Don't say you were not warned Baggies