Monday, September 26, 2011

Mayor Zimmer: 'final terms are being hammered out'

Earlier this afternoon, Mayor Zimmer stated negotiations between the creditor's committee and Holdco are continuing saying she is optimistic it will lead to a positive outcome.

In a conference call from City Hall, the mayor outlined the latest developments saying the creditors committee presented altered "final" terms to Holdco.  She said they were slightly different than ones previously discussed adding "negotiations are moving in the right direction."

The mayor described the negotiations as "sensitive" and concluded "they are going well" and she expects the outcome will lead to a sale of Hoboken University Medical Center to Holdco.

On Friday, the mayor announced a settlement between the creditors and Holdco was close and a scheduled hearing for Tuesday in Newark Federal Court before a bankruptcy judge would likely take place.

The mayor did not take any questions or comment on the action by the nurse's union over the weekend unrelated to the bankruptcy.

Nurse's Union alienates itself from creditors committee, moves to obtain documents from the group unrelated to bankruptcy settlement

In a political move likely isolating itself, the attorneys working on behalf of the HUMC nurse's union acted to obtain depositions and other documents unrelated to the bankruptcy case from the creditors committee Saturday.

The move comes after expectations of a settlement with the creditors was announced as close Friday and highly anticipated this weekend.

According to a story on NJ.com, the Hospital Authority has turned over 200,000 pages of related documents from emails to financial information to the creditors committee.

The hospital nurse's union, JNESO is bypassing discovery by making the request to their colleagues on the creditors committee and not, according to attorneys representing the Hospital Authority, from them.

The story outlines how the Hospital Authority may respond to this action:

Under a subpoena, the authority could object to releasing information or seek a gag order on the union to prevent them from using the information for reasons not related to the bankruptcy case. The creditor's committee has already signed a non-disclosure agreement.
“The timing is not a coincidence: if the committee agrees to support the proposed sale and settlement, JNESO will no longer be able to rely on the committee and its professionals as its own mouthpiece to disrupt a process that is in the best interests of the debtor and all of its stakeholders,” attorneys from the authority wrote.

Councilwoman Beth Mason has been working with the nurse's union and spoke on their behalf against Hoboken taxpayers at the last City Council meeting saying the nurse's union were not made whole as creditors while the bond holders re: Hoboken taxpayers, (a secured creditor) would be.  She's also worked with an outside agency Appleseed where earlier questions on the hospital sale were linked directly to Hoboken411.  Mason stated Wednesday night she does not "own or control" the website she calls "a news source."

Wednesday night Mason continued to call for depositions taken of officials on the Hospital Authority even after her vote led to people saying her vote along with Tim Occhipinti, Terry Castellano and Michael Russo "killed the hospital.

One source close to the matter of the depositions stated their collection had stopped as it looked "pretty useless."

It's not clear how a bankruptcy judge will rule at a hearing scheduled for Tuesday. The judge has urged all the creditors agree and come to terms on a settlement.  A settlement with the creditors is required before the final steps in a sale of the hospital to Holdco.

Earlier the hospital unions complained they were not holding up any deal among the creditors committee and stated Gov. Christie was "setting them up," if the hospital would close.  Now this public move appears to show the Governor was correct.

Beth Mason has worked with the nurse's union since Holdco was announced as the bidder in January.  With days remaining before the hospital runs out of money, here is yet another tactic.

Talking Ed Note:  Last week Hoboken411 printed a letter from P3, a Connecticut based bidder who is thought to have also been working behind the scenes with Beth Mason to undermine the sale of the hospital to the selected bidder Holdco.  The Hospital Authority Chairwoman Toni Tomarazzo called that bid's financing inadequate at the City Council meeting Wednesday night.  Another HA board member noted the same in comments here stating the recommendation was unanimous on the board and also an independent stakeholders committee.

MSV stands by its comments Wednesday night that Hoboken411 is a completely censored website where no alternate view unfavorable to Beth Mason is allowed.  It practices fascistic tactics against any number of Hoboken residents including elected officials and citizens.  The "hit jobs" do not allow any comment from those attacked, nor comment disagreeing from the public.

How much longer before another hit piece appears on Hoboken411 making more wild accusations against officials deposed and the unpaid volunteers on the Hospital Authority?

Bet Mazin gives marching orders to Perry @ Mazin411

While Hoboken awaits word on the hospital, here's some comic relief brought to you courstesy of Reformerus Giganticus.

In part 1, Perry of Hobroken411 gets an assignment from his sponsor Bet Mazin who of course is innocent of what transpires as she doesn't own or control him.

Show him the money Bet!





In Part 2, Perry gets another call but he seems more preoccupied with imbibing than carrying out his marching orders.


Hospital sale on standby

Since the late Friday announcement by Mayor Dawn Zimmer a settlement with the creditors committee was close, the hospital situation is simmering.

MSV like others is hopeful there will be more positive news today as Sunday passed with no anticipated update.


Mayor Zimmer speaking with media after the press conference Friday


Talking Ed Note: Bitterness is intermingling with falsehoods on local boards as those who were already pointing the finger of blame with one hand, were giddy over the efforts to sabotage the hospital sale with the other like the Beth Russo hydra.

Hospital Authority Board Member Eric Kurta stated here after this issue ends, he looks to have a public review of the details in how Holdco was selected.  He notes the bid was superior to others and was the unanimous choice of the Hospital Authority board and also the stakeholders committee.

Of course none of these facts matter nor will they.  Such is the commitment to the hyper-partisans in Hoboken who would prefer to see Hoboken burned to the ground than a good outcome on this issue for so many.

Grafix Avenger highlights the most poisonous voice who doesn't get paid for friendship by Councilwoman Beth Mason to keep cancer growing in Hoboken and on Hoboken411.

At the last City Council meeting, Beth Mason explained her support of the fascist website ruled with iron fisted censorship, not by denying she called it a "news source" as MSV noted at the meeting, but by saying she didn't own or control it.

In public portion Councilman Michael Russo claimed MSV was lying, putting words in his mouth on the statement he said the Hospital Authority did not have the ability to sell the hospital.  Unfortunately, like Russo's comments about the authors of The Jersey Sting," we have a tape.  That's coming.

First there's a far larger matter of seeing this hospital saved.

Meanwhile Grafix Avenger has decided to take the higher road based on advice from a spiritual advisor and let a different higher power handle the disease running amok in Hoboken.

http://grafixavenger.blogspot.com/2011/09/ga-consults-higher-power.html