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**Hearing 5/5/2010 - Phone Dial-in and Audio Archive
LISTEN LIVE:
Dial-in at 10:25 AM EST
Hearing begins at 10:30 AM EST
The bridge number is 712-432-1001 and when prompted for the access code enter 477420980
You may hear silence, a beep or music until the hearing begins.
AUDIO ARCHIVE:
To be notified as the audio archives become available:
http://twitter.com/WaMuAudio
Hearing Index:
http://www.viewip.net/WMI/Hearing
I'll have it online in the morning.
**Hearing 4/21/2010 - Phone Conference
AGENDA:
http://www.viewip.net/WMI/Hearing/2010-04-21/AGENDA.pdf
LISTEN LIVE:
Dial-in at 11:25AM EST
Hearing begins at 11:30AM EST
The bridge number is 712-432-1001 and when prompted for the access code enter 477420980
You may hear silence, music or just an intermittent beep until the hearing begins.
AUDIO ARCHIVE:
To be notified as the audio archives become available:
http://twitter.com/WaMuAudio
The archived audio will be made available at the conclusion of the hearing:
Hearing Index: http://www.viewip.net/WMI/Hearing
WMI calendar:
http://www.my.calendars.net/wmi
**Hearing 4/21/2010 - Phone Conference
AGENDA:
http://www.viewip.net/WMI/Hearing/2010-04-21/AGENDA.pdf
LISTEN LIVE:
Dial-in at 11:25AM EST
Hearing begins at 11:30AM EST
The bridge number is 712-432-1001 and when prompted for the access code enter 477420980
You may hear silence, music or just an intermittent beep until the hearing begins.
AUDIO ARCHIVE:
To be notified as the audio archives become available:
http://twitter.com/WaMuAudio
The archived audio will be made available at the conclusion of the hearing:
Hearing Index: http://www.viewip.net/WMI/Hearing
WMI calendar:
http://www.my.calendars.net/wmi
Way wrong Johnny. Better improve your DD.
Audio from today's hearing, 4/9/2010
This is the morning portion of the hearing from 10AM-12:30PM. The hearing continued after lunch at 1:45PM and is not included for reasons of expense.
http://www.viewip.net/LEH/Hearing/
Don't worry. The fee is only mine.
Court is out for lunch and resumes at 1:45PM EST. I don't think I'll be dialing in for the additional 4-5 hours since it would make this hearing pretty expensive for me.
It seems like the news outfits are on top of anything news worthy.
I think it is more that the attorney is on his feet and antsy.
There is a fee to conference into the court system. ~$80/hr if I recall correctly.
I suspect the varying audio volume is because the attorney is not staying still in front of the microphone. These courts really need better equipment.
Interesting info so far regarding the Barclay sale.. attorney's did not know of a discount nor did the court.
Going until 6-7PM. Jeez.. I can't keep the call on that long. That would cost me a lot. I'll try to keep the call going as long as I can.
Can you confirm you can hear it ok? Thanks.
No one interested in the hearing today?
Hearing 4/9/2010 - Phone Conference Details
LISTEN LIVE: Dial-in at 9:55AM EST - Hearing begins at 10:00AM EST
The bridge number is 1-712-432-1001 and when prompted for the access code enter 448850748
There will be silence until the judge takes the bench.
Hearing 4/9/2010 - Phone Conference Details
LISTEN LIVE: Dial-in at 9:55AM EST - Hearing begins at 10:00AM EST
The bridge number is 1-712-432-1001 and when prompted for the access code enter 448850748
There will be silence until the judge takes the bench.
Yes.. I'm thinking of it. The agenda looks interesting... like Barclay's motion.
WAHUQ: NOTICE TO HOLDERS
OF FILING OF PLAN AND DISCLOSURE STATEMENT
http://www.viewip.net/WMI/4-8-10_Notice_to_Holders.pdf
April 8, 2010
NOTICE TO HOLDERS
OF FILING OF PLAN AND DISCLOSURE STATEMENT
WASHINGTON MUTUAL CAPITAL TRUST 2001 TRUST PREFERRED
INCOME EQUITY REDEEMABLE SECURITIES (PIERS)
(THE “SECURITIES”)
CUSIP NO(S). 93933U308, 93933U407, 93933U209,
93933U118, 939322111 AND 9393228481
THIS NOTICE CONTAINS IMPORTANT INFORMATION. ALL
DEPOSITORIES, CUSTODIANS, AND OTHER INTERMEDIARIES
RECEIVING THIS NOTICE ARE REQUESTED TO EXPEDITE RETRANSMITTAL
TO BENEFICIAL OWNERS OF THE SECURITIES
REFERENCED ABOVE IN A TIMELY MANNER.
Reference is made to: (i) the Amended and Restated Declaration of Trust, of
Washington Mutual Capital Trust 2001, dated as of April 30, 2001 (the “Trust
Agreement”), by Washington Mutual, Inc. (the “Company”), as Sponsor, The Bank of
New York (“BNY”), as Property Trustee, The Bank of New York (Delaware), as Delaware
Trustee, and the Administrative Trustees named therein, pursuant to which the
Securities were issued; (ii) the Indenture, dated as of April 30, 2001 (the “Original
Indenture”), between the Company and BNY, as Trustee (the “Indenture Trustee”),
as supplemented by the First Supplemental Indenture, dated as of April 30, 2001
(together with the Original Indenture, the “Indenture”), between the Company and
BNY, as Indenture Trustee, pursuant to which the Company’s 5.375% Junior
Subordinated Deferrable Interest Debentures due 2041 (the “Debentures”) were
issued; and (iii) the Guarantee Agreement, dated as of April 30, 2001 (the “Guaranty”),
in respect of the Securities, between the Company, as Guarantor, and BNY, as Guarantee
Trustee (the “Guarantee Trustee”). Capitalized terms used herein but not defined
herein shall have the meanings ascribed to such terms in the Trust Agreement and/or
Indenture, as appropriate.
By Instruments of Resignation, Appointment and Acceptance dated as of October 14,
2008, Wells Fargo Bank, National Association (“Wells Fargo”) became the successor
Indenture Trustee and Guarantee Trustee.
1 No representation is made as to the correctness of the CUSIP numbers either as printed on the
Securities, the Debentures or as contained in this Notice.
2
On September 26, 2008, the Company and its wholly-owned subsidiary, WMI
Investment Corp. (“Investment” and, together with the Company, the “Debtors”),
filed petitions under Chapter 11 of Title 11 of the United States Code (the “Bankruptcy
Code”) in the United States Bankruptcy Court for the District of Delaware (the
“Bankruptcy Court”). Such filing constituted an Event of Default under Section 501 of
the Indenture and thus a Trust Enforcement Event under the Trust Agreement. Other
Events of Default not set forth herein may also have occurred.
On March 26, 2010, the Debtors filed a Joint Plan of Affiliated Debtors Pursuant to
Chapter 11 of the United States Bankruptcy Code (the “Plan”) and a disclosure
statement (the “Disclosure Statement”) in support thereof. Article XX of the Plan,
among other provisions, sets forth the treatment accorded to each beneficial Holder
under the Plan and the distributions to which beneficial Holders will be entitled if the
current version of the Plan is confirmed by the Bankruptcy Court. The Disclosure
Statement, among other things, describes the Plan, the events leading up to the Debtors’
bankruptcy filing and provides an overview of events and litigation occurring after the
bankruptcy filing.
Wells Fargo understands that the Debtors shortly will be filing a motion seeking
approval of the Disclosure Statement, the hearing for which likely will be scheduled for
May 19, 2010. If and when the Bankruptcy Court approves the Disclosure Statement, the
Debtors will solicit votes from creditors to accept or reject the Plan.
Copies of the current versions of the Plan, Disclosure Statement and related exhibits
may be obtained at no charge at http://www.kccllc.net/wamu. Please note that both the
Plan and the Disclosure Statement may change materially from the versions that were
initially filed by the Debtors.
Any beneficial Holder with questions of a legal nature should contact Wells Fargo’s
counsel, Walter H. Curchack (email: wcurchack@loeb.com) or Vadim J. Rubinstein
(email: vrubinstein@loeb.com).
Any beneficial Holder with any other questions may contact Wells Fargo by mail or
email addressed to:
Wells Fargo Bank, N.A.
Corporate Trust Department
Attn: Mr. Thomas M. Korsman
MAC # N9311-110
625 Marquette Avenue
Minneapolis, Minnesota 55479
thomas.m.korsman@wellsfargo.com
Wells Fargo welcomes inquiries but may conclude that a specific response to particular
inquiries from individual Holders is not consistent with equal and full dissemination of
significant information to all Holders or parties in interest.
3
Holders should not rely on Wells Fargo as their sole source of information. Wells Fargo
makes no recommendations and gives no investment or legal advice regarding the
Debtors’ bankruptcy cases, the Securities or the Debentures. Holders should consult
their own professionals regarding matters relating to the Debtors’ bankruptcy cases.
WELLS FARGO BANK, NATIONAL
ASSOCIATION, as Indenture Trustee
and Guarantee Trustee
By:
Thomas M. Korsman
Vice President
I haven't heard of BOD elections occurring though. I presume the annual shareholders meeting and elections have been missed, much like WMI's. First step is for shareholders to formally request that the annual meeting be held and BOD elections occur. IMO.
And it also means our very own basher here on IHUB, that bought WMB bonds, is now SOL.
It's a Weil attorney.
**Hearing 4/6/2010 - Phone Details and Audio Archive
AGENDA:
http://viewip.net/WMI/Hearing/2010-04-06/AGENDA.pdf
LISTEN LIVE:
Dial-in at 1:55PM EST
Hearing begins at 2:00PM EST
The bridge number is 712-432-1001 and when prompted for the access code enter 477420980
You will hear no music just an intermittent beep until I join the call to the hearing.
AUDIO ARCHIVE:
To be notified as the audio archives become available:
http://twitter.com/WaMuAudio
The archived audio will be made available at the conclusion of the hearing:
Hearing Index: http://www.viewip.net/WMI/Hearing
WMI calendar:
http://www.my.calendars.net/wmi
Not sure if someone replied to you as well, but WAMUQ data often includes WM (Waste Management) data. It is hard to trust these reports.
It's a great letter.
For those wanting to be critical of the presentation please remember he has addressed a federal Judge. It is his constitutional right to petition the government; it makes no mention of penmanship.
(not directed to you Lucky)
And who's to say.. the writer might only be able to write with a pen in their mouth. Think people.
I've been kitting the K ask since .95 and I'm getting nothing. 1.00 1.04 1.05 1.08
Order now in at 1.13
Actually, this may be the correct list:
http://www.otcbb.com/marketwatch/
No hearing for it from what I can see. I believe the next hearing is 4/6.
Look for the email message sent out by Joyce. It is here on IHUB and Y!.
I'm out for the night. Have a good one!
Maybe you missed the part where the EC supports this effort.
Posts are removed because the admins are saying that the website collects user info and asks for donations.
Agree or disagree.. that's the reason and I don't think we'll change it. We can only work within the policy.
So.. did you:
Google "wamu equity rights" ?
They are removing posts because the admins are saying that the website collects user info and asks for donations.
Agree or disagree.. that's the reason and I don't think we'll change it. We can only work within the policy.
So.. did you:
Google "wamu equity rights" ?
No no no.. clearly the UTZ pretzel man will be left holding the bag.
WMI Hearing Audio Archives
http://www.viewip.net/WMI/Hearing/
I found the results interesting. And they pertain directly to WAMUQ.
I Googled "wamu equity rights" and found interesting websites that look to be related to WAMUQ.
Twice I've been on the other end. Once as a vendor and once as a customer.
I billed a company for a lot of hours worked and before they paid me (and many others) they filed for BK. A vendor should be paid before a shareholder.
As a customer, I pre-paid for a service and before the service was fully rendered the company went bellow-up. Should I not get my money back before any shareholder?
I do feel debts should be paid as a priority. And I also believe in fairness. In our case, through negotiation, we'll see fair compensation for assets taken and equity will receive what is due.
I just sent mine in!
This PDF link I've included below is very interesting. I've been under the impression that the EC had an absolute right to intervene, but that may not be the case. So the approval of our EC to intervene is indeed good news.
http://www.law.emory.edu/fileadmin/journals/bdj/23/23.2/Sherrill.pdf
TO KNOCK FIRST OR BARGE RIGHT IN: IS A CHAPTER 11
COMMITTEE’S RIGHT TO INTERVENE IN ADVERSARY
PROCEEDINGS ABSOLUTE OR PERMISSIVE?
Mark D. Sherrill*
INTRODUCTION
The United States Bankruptcy Code1 grants broad rights and powers to an
official committee of unsecured creditors in a chapter 11 bankruptcy case.2
Among the statutory entitlements of a creditors’ committee is the right,
pursuant to 11 U.S.C. § 1109, to “raise and . . . appear and be heard on any
issue in a case under . . . chapter [11].”3 For over two decades, however,
courts have grappled with the question of whether the creditors’ committee’s
right to be heard in a chapter 11 case extends to adversary proceedings initiated
in chapter 11 cases. On that issue, the circuits presently are split.4
This PDF link I've included below is very interesting. I've been under the impression that the EC had an absolute right to intervene, but that may not be the case. So the approval of our EC to intervene is indeed good news.
http://www.law.emory.edu/fileadmin/journals/bdj/23/23.2/Sherrill.pdf
TO KNOCK FIRST OR BARGE RIGHT IN: IS A CHAPTER 11
COMMITTEE’S RIGHT TO INTERVENE IN ADVERSARY
PROCEEDINGS ABSOLUTE OR PERMISSIVE?
Mark D. Sherrill*
INTRODUCTION
The United States Bankruptcy Code1 grants broad rights and powers to an
official committee of unsecured creditors in a chapter 11 bankruptcy case.2
Among the statutory entitlements of a creditors’ committee is the right,
pursuant to 11 U.S.C. § 1109, to “raise and . . . appear and be heard on any
issue in a case under . . . chapter [11].”3 For over two decades, however,
courts have grappled with the question of whether the creditors’ committee’s
right to be heard in a chapter 11 case extends to adversary proceedings initiated
in chapter 11 cases. On that issue, the circuits presently are split.4