Elliott Asset Management

Supreme Court of the United States Amicus Curaie in Dinh et al v United States of America re COFINA

www.supremecourt.gov

IMPORTANT ANNOUNCEMENT

Marzula Law has filed a class action suit against the United States of America for passing an unconstitutional law (PROMESA) allowing improper takings of private property without just compensation in the Puerto Rico COFINA matter.

The merits of this suit may be applicable to other aspects of the Puerto Rico Title III quasi bankruptcy process, including PREPA, Highway, and other bond issues:

Link to complaint:
https://drive.google.com/file/d/13wUFuywrExx_qucxxkOfVxNZ3I5m9YkE/view?usp=sharing

Link to Twitter feed:
https://twitter.com/AssetElliott/status/1633491362493665280?t=XU_-vMwIwRt_5aydwSGiLQ&s=19

Elliott Asset Management on Twitter “IMPORTANT ANNOUNCEMENT Class Action suit underway against USA for unconstitutional takings from passing unconditional law for investors. May be applicable to other takings. : Accountability is near. https://t.co/FwnEA9O5CC”

Wars never work well for anyone involved and an economic World War has begun. Economic decoupling of the west from China will have long lasting negative effects on both economies.

And the only reason to impose such measure is world leadership is convinced of the likelihood of a shooting war. This is doubly not good.

Furthermore risks remain from the shooting war and gray zone tactics vis-a-vis Russia. And the political backdrop in the USA is dangerously volatile.

We remain cautious/negative on almost all investment classes other than our energy instructor plays.

Biden administration issues rules to curtail China's access to microchip technology | CNN Politics The Biden administration on Friday imposed sweeping new curbs designed to curtail China's access to technology critical to the manufacturing and operations of its military power.

Today it was announced Hoegh LNG MLP agreed to be taken over by the parent company, in what appears to be a highly conflicted and unethical force squeeze out of small investors at an unfair price.

I'm working behind the scenes to try to get justice for small investors, but the prospects aren't great. There needs to be legal reform to prohibit this kind of market manipulation and self-dealing.

Shame on Morgan Stanley and the Hoegh family.

Höegh LNG Partners unitholders approve merger deal (NYSE:HMLP) Höegh LNG Partners (HMLP) common unitholders voted to approve the merger deal with parent Höegh LNG Holdings, which previously agreed to acquire the partnership for $9.25/unit in ...

I had to work late yesterday to help small investors get everything entitled to them from the Puerto Rico bankruptcy. My 8 year old nephew was very patient!

Next week the Supreme Court of the United States considers our petition for a writ of certiorari in the COFINA bankruptcy case regarding abrogation of investor's Constitutional rights

Elliott v Commonwealth et al will be considered for United States Supreme Court certiorari in September, 2021. The question is, basically, what are the restrictions/limitation on application of the "(judge-created) doctrine of equitable mootness," if any, on dismissing a bankruptcy appeal without consideration of a case's merits? Specifically, does the doctrine usurp and preclude review of cases alleging violation of Constitutional rights?

www.supremecourt.gov

A nice anime gift from my niece 😁

As of Monday morning we sold the remainder of our market hedges. There will be a lot of economic pain from the virus and the related shutdowns. However, well capitalized publicly traded companies will have access to inexpensive capital and will eventually emerge stronger.

Rhough bruised, we will persevere and rise from the ashes, lead by those with access to inexpensive capital (large public companies)

The economic effects of the coronovirus will be severe... And could even be much worse than the Great Recession, we agree:

The coronavirus-induced recession could become a depression, PIMCO says | Markets Insider 'Fiscal and monetary policy makers around the world will have to pull out all the stops to prevent what currently looks like an inevitable reces...

Sometimes we hate it when we are right. For almost a month now we have been warning about the economic fallout potential from the coronovirus and in the past couple of weeks have told people to prepare for the worst before widespread panic.

As usual few listened.

Monday I think the markets will violently start to fully appreciate the magnitude of the damage that is being done to the world economy. Tomorrow could be very ugly on Wall Street. But people dying and losing their jobs will be much worse