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UNAUDITED itself states that its not evaluated as per the standards set.If you want to conclude on that, you can do that.
FDIC specifically mentioned UNAUDITED balance 2.75B(this is cash paid by JPM + WMI around (1.9 + .85)B
They get paid like any other unsecured creditor on a promise,
"will not subordinate or otherwise diminish the Trustee Allowed Claim"
oh! so DB lawyers are so dumb that they fought for an allowed claim in receivership, not for real money?.Genius.
IF FDIC has on 2.75B in receivership of washington mutual bank, how did allow DB claim around 3B?
As per FDIC status update last week, DBCNT would file a settlement in California court for the settlement.Dont have any other info.
There is serious flaws in WMI ch11 case, more than Lehman.It all started with a friendly meeting between EC chair and Rosen with out any pre approval from the counsel to EC.It is all documented, Mr.Trump is always welcome to this case.
I did read other stuff too Tanj.Looks like WMRP is/was the controlling LLC in DE of the properties such as Wamu Irvine center head office and so on, around 6B assets.IMHO, some thing related with WMMSC.But "pursuant to" has a meaning every where.
I have been ... and i have some shares of WMIH, not going to sell them.Still got the original certificate for 10k shares with my Q,P,K and H escrows and LTI respectively.Read about more than about 1 million pages atleast about this case.
2019 IMHO.KKR might start shorting this pretty soon.Blackstone projected it to 2019.But it is just my understanding and i am not giving any one advise to buy or sell or hold.
WMRP.... is under JPM subs now.They got the consolidation on the day before WMIH statement.
KTBS was hired claims against former BOD,Invetment bank advisors, rating agencies,auditors and others from time to time---- Barash Declaration
WMRP DELAWARE HOLDINGS LLC.
2008-09-25 WMICC DELAWARE HOLDINGS LLC located at CHATSWORTH, CA was established as a Domestic Entity Other.
2016-06-29 WMICC DELAWARE HOLDINGS LLC was acquired by WMRP DELAWARE HOLDINGS LLC.
I agree, KTBS was hired by debtors during 7/2011 fearing EC would suggest some other firm.But basically it was hired to follow up on litigation and recovery claims.
"WMI believes that hiring KTBS is reasonable and necessary in order for WMI to evaluate the potential cliams and discharge their responsibilities to their estates and creditors."
Interesting parties Klee..
KTBS was approached by EC and during ch11 and hired in 7/2011 for litigation.Probably these were the recovery claims put in the DS and POR.Its interesting this notice was sent to KTBS along with Weil.
CERTIFICATE OF NOTICE
District/off: 0311-1 User: Brandon Page 1 of 1 Date Rcvd: Jun 03, 2016
Form ID: ntcBK Total Noticed: 14
Notice by first class mail was sent to the following persons/entities by the Bankruptcy Noticing Center on
Jun 05, 2016.
db +Washington Mutual, Inc., 1301 Second Avenue, Seattle, WA 98101-3800
aty +Andrew C. Irgens, 2151 E. Norris Street, Philadelphia, PA 19125-1936
aty +David B. Hird, Weil, Gotshal & Manges LLP, 1300 Eye Street NW, Suite 900,
Washington, DC 20005-3348
aty +David L. Permut, Goodwin Procter LLP, 901 New York Avenue NW, Washington, DC 20001-4432
aty +David M. Stern, Klee Tuchin Bogdanoff & Stern LLP, 1999 Avenue of the Stars, 39th Floor,
Los Angeles, CA 90067-6049
aty +Diana M. Eng, Weil, Gotshal & Manges LLP, 767 Fifth Avenue, New York, NY 10153-0119
aty +Drew G. Sloan, Richards Layton & Finger, P.A., 920 North King Street,
Wilmington, DE 19801-3301
aty +Jennifer L. Wine, Weil, Gotshal & Manges LLP, 1300 Eye Street, NW, Ste. 900,
Washington, DC 20005-3348
aty +Lee R. Bogdanoff, Klee Tuchin Bogdanoff & Stern LLP, 1999 Avenue of the Stars, 39th Floor,
Los Angeles, CA 90067-6049
aty +Lisa N. Cloutier, Weil, Gotshal & Manges LLP, 100 Federal Street, 34th Floor,
Boston, MA 02110-1848
aty +Patricia Astorga, Weil, Gotshal & Manges LLP, 767 Fifth Avenue, New York, NY 10153-0119
aty +Rachel Barish Swartz, Weil, Gotshal & Manges LLP, 767 Fifth Avenue,
New York, NY 10153-0119
aty +Richard W. Slack, Weil, Gotshal & Manges LLP, 767 Fifth Avenue, New York, NY 10153-0119
aty +Whitman L. Holt, Klee, Tuchin, Bogdanoff & Stern LLP, 1999 Avenue of the Stars,
39th Floor, Los Angeles, CA 90067-
9/1/2016 was important.Thank you for posting it.
"If no such notice is filed, the transcript may be made available for remote electronic access upon expiration of the
restriction period, which is 9/1/2016 unless extended by court order."
So, probably KCC put it on the docket on 9/2 evening...hmmm..
Another interesting this is, usually it is A vs B in all the court documents, but this one is so special
"In Re:
Washington Mutual, Inc.
1301 Second Avenue
Seattle, WA 98101 Chapter: 11
EIN: 91-1653725"
Where is the STATUS report as ordered by the Judge?
"
IT IS FURTHER ORDERED that the Status Report be filed in the lead bankruptcy case as well as in each
Adversary Proceeding within 21 days of the date of this order."
And the filing date showing on 5/23 on kcc, but i recently checked it, it was not there.They probably filed it Friday with the old date.May be status report is also will show up in the docket pretty soon or are they hiding?.
The case was filed on 04/27/2009
Looks like the case is finally getting closed IMHO.
JPM settled with DB and FDIC
WMI vs JPM case cancelled on 08/31 which was filed on 04/27/2009
Tanj, LOL
Complaint for Turnover of Estate Property
http://www.kccllc.net/wamu/document/list/1399?T=1399
Docket # 0001
So the judge did not have a clue how it was settled?.
A big HMMMMMMMM
Washington Mutual Inc vs WMI Investment Crop
Status update requested by the judge.
http://www.kccllc.net/Docket/SearchResults.asp?T=1399
Notice and Order of Request for Status Report
Court Docket: #0383
It appears that its not settled yet, what do you say?
Date: 5/23/16
Eltoprazine clinicaltrial is on going as per this
https://clinicaltrials.gov/archive/NCT02439125/2016_04_21/changes
What happened to the Joint Venture?.No news.
Lehman Brothers asking judge to cancel billions in RMBS claims around 36000.
Active trial
Recruitment of patients is over, not recruiting anymore.
Study of Engineered Skin Substitute in the Treatment of Life-Threatening Pediatric Severe Burns - New Trail Record
Active, no longer recruiting
Phase of Trial: Phase I
Latest Information Update: 27 Aug 2016
Most Recent Events
27 Aug 2016
New trial record
08 Aug 2016
According to an Amarantus media release, results from this study are published in Journal of Burn Care and Research
08 Aug 2016
Results published in the Media Release
http://adisinsight.springer.com/trials/700275562?query=all%3A%28%22amarantus+bioscience%22%29
You missed the other line below what you posted.
Please note that under federal law, 12 U.S.C. § 1821(d)(11), claims by subordinated debt holders are paid only after all claims by general creditors of the institution. At this time, the FDIC as Receiver for Washington Mutual Bank does not anticipate that subordinated debt holders of the bank will receive any recovery on their claims.
Other claims against Washington Mutual Bank, together with proof of the claims, must be submitted in writing to the Receiver at the following address:
WMI submitted a claim, it was rejected by FDIC saying to file them a suit against FDIC which WMI did.Based on GSA, that issue was addressed IMHO.
Ofcourse as set in the distribution priority in FDIC handbook.
It clearly says, all assets are not sold.Only certain assets and liabilities are sold.
ohh what is this?
Item XII, here: https://www.fdic.gov/bank/individual/failed/wamu.html
a joke?
for what? the point is?
for w?
"UNAUDITED" RECEIVERSHIP BALANCE
WHEREAS, the unaudited receivership balance sheet summary for WMB published by the FDIC-Receiver for the period ending December 31,2015 stated that, as ofthat date, the current assets ofthe WMB Receivership Estate were approximately $2,756,378,000; the WMB Receivership had approximately $7,206,000 in administrative liabilities; holders ofWMB senior debt held allowed claims in the WMB Receivership in the amount of$6,077,557,000; and the Receivership had other allowed general unsecured claims in the approximate amount of $19,250,000;
Could you provide a link for this
""Please note that under federal law, 12 U.S.C. § 1821(d)(11), claims by subordinated debt holders are paid only after all claims by general creditors of the institution. At this time, the FDIC as Receiver for Washington Mutual Bank does not anticipate that subordinated debt holders of the bank will receive any recovery on their claims."
FDIC STATUS UPDATE
Removal of the sentence about equity no money.
https://www.fdic.gov/bank/individual/failed/wamu_settlement.html
Famous "if any" missing
Newly added Tranche 6 item in trust agreement on 2012-09-04
8 K/A
(11)Holders of Preferred Equity Interests and Common Equity Interests will be issued Liquidating Trust Interests in Tranche 6 on account of those interests when Tranche 2 through Tranche 5 Liquidating Trust Interests have been satisfied in full. Further, distribution to Tranche 6 will be shared 75% and 25% pro rata between claims on account of Preferred Equity Interests and Common Equity Interests, respectively.
https://www.sec.gov/Archives/edgar/data/933136/000090951812000291/mm08-1512_8ka1e102.htm
Filed 2012-09-04
I like this than WAH-LE
How about "WAH-LE"
524ESC886 LEHMQ
525ESC711 LEHJQ
In my trading account TD.
There is escrow markers for LEHJQ and LEHMQ for me.My CTs dont have any escrow markers, thats why they are tradable.