JC, shame on you!
Here is a copy from my post:
In the end the judge didn't give a court order approving a court sanctioned committee for opting in or opting out. He was very specific in his response that:
There would be nothing stopping the applicants from forming an ad hoc committee without court order and approving their own by-laws and from notifying all shareholders of the formation of the committee and determining whether the shareholders wish the committee to represent them and be bound by the committee’s actions taken on their behalf. The order sought does no more than sanction that process.
Not sure how to make it clearer. The Judge didn't approve a court approved committee thus no court mandated motion is approved. The judge was not against the ad hoc committee and said that the reason for not doing a court order committee is it would show bias towards shareholders. I have mentioned that before in posts.
If the judge approved an court ordered committee whether opt in or opt out I'm pretty sure that the people currently feeding at the trough would have said any rulings by the judge were appealable because of bias.
Now that the documents are on the Gowling site any shareholder can get the information from the legal team to decide if they want to opt in.
JJ
