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What position are we EISA victims in for recovery of any funds, in terms of other liabilities to be satisfied ahead of us (i.e., lawsuits already filed by major banks and other creditors)?

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What position are we EISA victims in for recovery of any funds, in terms of other liabilities to be satisfied ahead of us (i.e., lawsuits already filed by major banks and other creditors)?

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Generally, the timing of the lawsuit has little to do with the timing of the recovery or the priority of the recovery. I will say, where there are major banks or lenders which filed lawsuits and are secured by specific assets (real estate or airplanes, cars, office equipment and those types of items), certainly these lenders would have a higher priority than the average investor. It would appear that all of the investors (both EISA and stock investors) would be treated equally, if and when there were any distributions.

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