Ctbarnes, regarding the Karabu agreement, here's a brief excerpt from Tuesday's (March 13) Daily Banter from planebusiness.com:
Of course, the big news over the weekend and into yesterday was the fact that the bankruptcy court gave American the nod to take over the assets of TWA. Talk about a lot of wailing and gnashing of teeth. There was plenty, in terms of the testimony that was presented to the court. But, in the end, Carl the Terrible was vanquished, American got the goods, JAG never came up with their money, and Karabu is now but a distant, albeit ugly, memory.
Of course, this does not mean that we don't fully expect a lawsuit to be filed, if not more than one, from at least Icahn, if not other unhappy suitors who were parties to the event.
All those folks have another 8 days to get those appeals filed.
Obviously, they now have less than 8 days and I haven't kept up with further developments since then.