Showdown In Oaktown

Wednesday, January 25, 2011
2:00 PM
1300 Clay Street, Room 201
Oakland, CA 94612
Hon. Roger L. Efremsky

Multiple motions are being heard, including DSI’s attorney William McGrane’s:

Motion to move the RE Loans Bankruptcy from Texas to California. Other attornies involved in the case have written letters of support for the move. Presumabley Mackinac Partner’s attorney Jeffrey Krause will fly in from Los Angeles to defend James Weissenborn’s seat on the RE Loans gravy train, and bill investors thousands of dollars for the effort.

Motion to strike Walter Ng’s declaration, unless Walter will agree to testify at hearing and be cross examined on his statements. Since Walter has plead the fifth in most questions, McGrane argues that if Walter’s declaration is admitted, he should be compelled testify at the hearing where he can be cross-examined.

Could this be checkmate?

With so many lawyers involved, this hearing may boast one of the highest costs-per-minute  in legal fee  we’ve seen yet.

Click here to read some of the arguments and filings.

Get there early to get a seat and let the judge see that we do care about being involved in the process, as the lawyers supporting the move have written in their arguments.

Advertisements

48 thoughts on “Showdown In Oaktown

  1. A satisfying development, whether or not it benefits any of the investors. How does it affect the RE Loans bankruptcy? Does the FBI track these accusations of fraud? Please take note, Dan Noyes and the Lafayette reporter. Maybe the Chronicle or Wall St. Journal will get interested, now that an $800 million number has been made public.

  2. Very damaging to Walter and the Ng clan. I do believe justice will be served. I can only hope for some recovery to us victims.

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s