So I reached out to my friend John DeGroote ofSettlement Perspectives, a former in-house counsel and Chief Legal Officer who knew far more about corporate interests than I ever would.
Since the deal was announced, many other investors in the mortgage-backed securities it covers, like American International Group, have objected in court to the settlement, including a large number of investors who raced to the court house at the end of August to submit their disapproval before a deadline.