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Re: Yanik post# 232348

Tuesday, 08/24/2010 2:14:01 PM

Tuesday, August 24, 2010 2:14:01 PM

Post# of 727824
Yes, ilovestocks - here is his letter

Posted by: ILoveStocks Date: Friday, August 06, 2010 10:12:22 AM
In reply to: None Post # of 232349

NEW OBJECTION LETTER should arrive for court documents today or Monday.
This is a copy of letter I mailed last Monday and should be filed in court documents.

I removed part of my name and address, but it will be listed on the court document.
I am comfortable that our examiner will find the missing assets that will bring the value back to us WAMUQ shareholders – he will also find a lot of fraudulent acts.
Good Luck WAMUQ’s we have waited a long time for this. We will win!

Honorable Judge Mary Walrath
Case 08-12229
824 N. Market St. 5th. Floor
Wilmington, DE 19801

Dear Honorable Judge Mary Walrath:

THIRD OBJECTION TO DEBTORS APPLICATION OF WEIL, GOTSHAL & MANGES LLP AS ATTORNEYS FOR DEBTORS FOR ALLOWANCE OF COMPENSATION FOR PROFESSIONAL SERVICES RENDERED.
As an equity holder of Washington Mutual, I object to the abusive allowance of compensation for professional service charges that have been submitted.

Now that our examiner, Josh Hochberg, has started the investigation, I am confident that this investigation will show Washington Mutual bank was a well capitalized bank, and FDIC acted prematurely on misinformation provided by JP Morgan. Many parties worked in collusion by filing misinformation, market manipulation that naked shorted WMI - driven by greed, fraudulent conveyance, breach of fiduciary duties by Debtors legal counsel, and WMI’s board of directors which is managed by Alvarez & Marsal whose interest is not aligned with shareholders, and have charged excessive fees. THIS IS ONE OF THE MANY REASONS WE NEED A SHAREHOLDER VOTE!

This investigation will find that billions of asset dollars held by the WMI holding company have mysteriously vanished, along with other actions that will point to fraudulent acts. It will show that many parties believe with their power they can act with complete disregard to the laws that govern them, and those parties must pay for their part in this bankruptcy fraud with damages added.

Our Judicial system cannot allow fraud to take down a solvent bank, then strip all assets from their holding company Washington Mutual, and then have their legal counsel overbill the estate, with unnecessary filings, mailings, and bogus claims. Debtors legal counsel has work hard in not producing the required documents during discovery - filing incomplete disclosure statements, and continuing to file their 5 versions of a bankruptcy reorganization plan that they knew could not be approved.

This Third OBJECTION TO DEBTORS APPLICATION OF WEIL, GOTSHAL & MANGES LLP, AS ATTORNEYS FOR DEBTORS FOR ALLOWANCE OF COMPENSATION FOR PROFESSIONAL SERVICES RENDERED – is requesting that courts demand from the Debtors counsel a claw back of all professional service charges submitted. They have breached their fiduciary duties and must be forced to repay to WMI’s estate for their misrepresentation with damages. This is bankruptcy fraud! This Objection is requesting a fee hearing and a claw back of all fees that Debtor’s Counsel and co- counsel have over-billed the WMI estate.

Sincerely,

David

CC: Office of the United State Trustee Delaware
Joseph McMahon, Esq.
844 King St Ste 2207 - Lockbox 35
Wilmington, DE 19899-0035
CC: USTP.Bankruptcy.Fraud@usdoj.gov


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