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What did Susman do to help escrows?
So do you feel the hedge funds would be OK with getting nothing for their escrows?
Wonder what the powerful hedge funds that have been waiting for their loot would think of that?
So if Walrath arranged for commons to be included in the POR7(was it 75/25?). If that is accurate, to me, that's about as encouraging as anything for possible "Fair and Reasonable" distributions.
Somebody, please refresh my memory. Whom was Susman representing in this WM saga and what was his objective for his client?
Do escrows have any possible claim to that 30B that JPM was surprised to find?
Large Green, are you saying that there could be RICO involved in tabulating what distributions are coming to escrows marker holders?
wamuvoodoo, that would be fine with me. As long as there are enough of them
Question, did Judge Walrath say anything about, "Fair and Reasonable" in reference to escrows in the settlement? Or was that just Willingham's opinion about the deal for the "releases"?
MONICALAW, hopefully, the end result will be worth the wait. Blessings to you, too.
MONICALAW, let's just hope Dimon wasn't able to bamboozle all those WM assets for 1.88B with the FDIC's blessing. Hopefully, "book value" and "Fair and Reasonable" still have credence in the USA.
MONICALAW, do you see the bulk of the distributions to Class 22 coming from JPM payments for such things as WM real estate acquired and also monies accumulated from the trusts that were immune from bankruptcy claims? Please give me a brief education on where the sources for the distributions will likely come from.
MONICALAW, you've been gracious and informative. Many thanks.
Royal Dude, I'm simply not as informed as I should be about my escrows. I'm trying to get as much help as I can trying to put 2 + 2 = 4. Just ignore my posts if they aren't to your liking.
MONICALAW, do you have Class 22 common escrows. If so, do you feel good about receiving "Fair and Reasonable" distributions?
So do hedge funds have both Class 19 and Class 22 escrows?
Do the hedge funds have any Class 22 common escrows or are they affiliated mostly with Class 19?
Has Class 19 been addressed at all? Even any official verbal indications about their distributions?
Are common escrows in Class 19 or Class 22?
What's the basic difference between Class 19 Equity Escrow Marker Holders and Class 22 escrow markers?
Why does the BK have to close in order for escrows to get distributions from what's ever in the Holding Company that might be coming to them? Isn't the Holding company separate and immune to the WM BK?
Will escrows get some compensation for all the real estate JPM got from WM? Isn't JPM required to pay book value for this? If they already have paid book value. Where did it go?
JPM, it's time to "PAY UP" for the amazing deal you got in the aftermath of the WM seizure. There are billions in WM real estate assets, alone, that escrows deserve "book value" for. Also, billions in loan portfolios for which JPM has reaped substantial servicing financial rewards. I'm sure the hedgies have this calculated and are counting on the "Fair and Reasonable" claim. Pay attention, FDIC. you are NOT "released".
If the BK closes on the 19th, what's the timetable for learning escrows' fate?
Would anything have changed from when Dr. A predicted 86B or was it 84B?
Large Green, how pizzed off will the "Big Money Players" be if it turns out they got "skunked" in this? Will the lawsuits fly? Who would they go after ex. FDIC, JPMorgan, ect.?
hotmeat, if this is fact, it could mean something. "all the big players: Bonderman et. al., Grayken et. al., Savitz et. al., Tepper et. al., the other SNHs (Aurelius, Owl Creek, Centerbridge), and all the other Hedge Funds, and of course currently the Underwriters are all Class 19 Equity Escrow Marker Holders". Unless, you assume they just "twiddle their thumbs" when there is potential for "big money".
mordicai posted, "The only course of action is to always know what you are going to get while your opportunity to complain/sue remains open." This always concerned me. The "veil of secrecy". What was the reason for not knowing exactly what escrows had coming? Was the terms and data, supposedly, "under seal"? Did we put too much credence in the "Fair and Reasonable" claim?
The "Fair and Reasonable" assessment still intrigues me and gives me hope. Or was it merely "blowing smoke"?
This is why escrows need "big time" law firm representation in this. Why don't the hedge funds involved provide this? They have the resources. I don't get it. Did we get "bamboozled" by signing the releases?
I can't figure out why, if the hedgies "were in a bind" why we gave in to them. It doesn't make sense.
Large Green, what is the sequence/time line that needs to play out after the bankruptcy ends for distributions to materialize?
I, too, have held out hope for escrows based mainly on our attachment to the hedge funds. Wish we'd have held out for a 70/30 split.
Any chance commons escrows could get some additional COOP shares as the distribution awarded? If so, what would be "Fair and Reasonable"? Would 1 COOP per 10 Escrows be sufficient?
To save millions if we lost.
BBANBOB, it seems to me, if Common Escrows don't get "Fair and Reasonable" distributions, how would there be any actual punishment for those that got caught? Wouldn't that pizz off the Judge if no "Fair and Reasonable" at 75/25 and no actual punishment(?) that was agreed to? Is that was you are saying?
The key seems to be if there will be any assets there to distribute 75/25.
stoxjock, I noticed you have a law firm in mind just in case. Hopefully, they'd be interested in working for a high percentage contingency. This would be for the benefit of the escrows holders that don't have substantial financial resources to hire a great law firm.
Jinsong33, please elaborate on this. "The escrow distribution payouts have to be started within this calendar year of 2019."
stoxjock, how would the "statue of limitations" apply to this potential scenario?
If common escrows get "shut out" from further distributions. Despite signing releases, are there some potential liabilities and/or "clawbacks" to pursue? I could be "barking up a hollow tree", but this could be significant.