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I'm Not Sure About "21 DAY STAY FOR APPEALS"
ORDERED
that the effectiveness of this Order is STAYED for twenty-one (21) days to allow the Claimants to file a notice of appeal to the United States District Court for the District of Delaware; and it is further
ORDERED
that upon this Order becoming a final order, the Adversary Proceedings shall be deemed dismissed with prejudice and the Clerk of Court shall so note on the dockets thereof; and it is further
ORDERED
that in the absence of an appeal, the Court shall retain jurisdiction to hear and determine all matters arising from or related to the implementation, interpretation, or enforcement of this Order.
The Surviving Claimant get their Bankruptcy Code § 502(b), but no attorney fees.
rom
IMO, If they appeal for attorney fees, then we can sue for attorney fees, expenses as referenced on Doc 12580.
?? Does 21 Days, or does THJMFW signature make this a final order. Was the Motion Stayed 21 days from then Oral Arguments took place and Ruled against from the Bench now past??
Surviving Claims Receive Bankruptcy Code § 502(b),
only No attorneys fees.
No Money for Surviving Claims,
and their attorneys.
Doc #12499 has Been Completed.
Court Docket: #12585 Email
Document Name: Order GRANTING the Trust's Motion; DENYING Claimants' Motion and DISALLOWING the Claims(related document(s))[12449], [12512], [12573], [12574], [12576], [12577], [12578], [12584]) Order Signed on 2/1/2019. (CAF)
Date Filed: 2/1/2019
http://www.kccllc.net/wamu/document/0812229190201000000000002
$$
From #12584
"allowing the Trust to distribute the funds held in reserve for the Claimants to other claimants, and dismissing the above adversary proceeding dealing with those claims."
Court Docket: #12584 Email
Document Name: Memorandum Opinion Relating to Employees Claims (related document(s)[12449], [12512], [12573], [12574], [12576], [12577], [12578]) (CAF)
Date Filed: 2/1/2019
http://www.kccllc.net/wamu/document/0812229190201000000000001
$$
"Therefore, the Court concludes that the Claimants are not
entitled to attorneys’ fees for having prevailed on their ETRIP
and SERAP claims under the terms of those plans or under
applicable state or federal law."
"IV. CONCLUSION
For the reasons set forth above, the Court will grant the
Motion of the WMI Liquidating Trust and deny the Motion of the
Claimants.
An appropriate Order is attached."
Yes AZ, Bop was Successful in,
ginning-up the MBs with fear.
CSNY; Alice in Wonderland.
Alice in Wonderland Syndrome (AiWS), also known as Todd's syndrome or dysmetropsia, is a disorienting neuropsychological condition that affects perception. People may experience distortions in visual perception such as micropsia (objects appearing small), macropsia (objects appearing large), pelopsia (objects appearing to be closer than they are), or teleopsia (objects appearing to be further away than they are). Size distortion may occur in other sensory modalities as well.
https://en.wikipedia.org/wiki/Alice_in_Wonderland_syndrome
Plus, Bopfan Worked Against Equity Committee by,
trying to un-seal the EC's sealed Doc.
Remember Hoffman? Sargentofarmsone !
JayHarris, Along with Another.
I'm the other.
It's all about CIC. Doc #5885 footnote 2, 5AT and the Recognized Debtor can use the NOLs until CIC is completed.
The BP site was not happy with AZ's and my posts regarding CIC, and kicked us off the MB without any warnings while conflicted potty mouth CSNY was and is still free to post on BP. Bobfan/CSNY is a consultant/contractor to all our advisories. I and others have seen her website, but I won't post it.
As AZ has pointed out that Collins and another from Finger back in 2009 started this delay process using the Employee Claimants.
?? How come this was not filed before?
DECLARATION OF JOHN MACIEL PURSUANT TO LOCAL RULE 3007-1 IN SUPPORT OF WMI LIQUIDATING TRUST’S REPONSE TO SUPPLEMENTAL BRIEF OF CERTAIN CLAIMANTS REGARDING WMILT’S MOTION TO DISMISS ALL REMAINING EMPLOYEE CLAIMS AND TO DISTRIBUTE DISPUTED CLAIMS RESERVE FUNDS
The Surviving Claims have been paid.
Yes, WMI is a Creditor to WMB.
We have a claim filed along time ago.
ck, You Have Escrows?
Relax You Win.
Did you read my other posts?
One more action from the Court and then the LT Trustee's DCR events.
BBob, Did You Ever Read #12499?
It's a good One !
BBob, You Would,
be better-off getting your information from the Court Documents rather than from a MB.
The WMI Docket;
Washington Mutual, Inc.
Case Number: 08-12229
http://www.kccllc.net/wamu/document/list/3853
Doc #12499 is significant. Please see link above for Doc.
Valuation Research Corporation.
Always nice to see research of valuations.
Yes we probably had VRC on retainer. Hopefully this is final payment due to CIC.
Perkins Coie LLP.
was responsible for Intellectual Property.
Example:
California Reconveyance Company.
Chatsworth, CA 91131
https://www.bloomberg.com/research/stocks/private/snapshot.asp?privcapId=61306312
https://www.bing.com/search?q=california+reconveyance.&form=EDGEAR&qs=PF&cvid=1a1343a5c4c24d9b88333d816d3d2123&cc=US&setlang=en-US&PC=DCTS
ck, Please see My Past Posts. EOM.
Yes, Goodie.
The FDIC has been doing that valuation of assets the whole time to determine "The Final Payment" due by JPM for "WMB and it's assets" to be paid to WMI.
That is what Globic and LIBOR was all about. Determining value and responsibility of the parties.
That is why Employee Claimants were used as a time delay mechanism to have the LT look busy
IMO, CIC is done.
$$
ck, Both are True.
We just needed to wait for CIC. The BK Court and the filings, the Equity Committees work, and now the GSA protect us.
$$ The ABS participation held by WMIIC, the multiple DCRs, and "The Final Payment" to WMI for "WMB and it's assets" from CIC by FDIC/JPM. $$
IMO, It's Nice to be Writing these Letters,
to all the Estate managers. Due to Personal Information Protection Act and the like. The Trust, or any Trust can't tell you anything.
Did you prove that you are a Beneficiary of the Trust by SSN, or Broker account number?
https://www.google.com/search?client=firefox-b-1-ab&q=personal+information+protection+act
The only way is to Professionally have the Trust audited. Its in the FAQ document. Event then you will not get every far due to Trust structure.
The EC time delay mechanism is just about 'timed-out' and "The Motion" implemented in it's entirety.
With CIC, Employee Claimants get their,
Equity Incentive Plan and other compensation from JPM. JPM now owns "WMB and it's assets".
Allowance or Disallowance of the Surviving Claims.
In rereading 12580, it looks like Surviving Claims have been paid. See Exhibit A.
A. Payment of Base SERAP and ETRIP Components
PDF 41/133;
http://www.kccllc.net/wamu/document/0812229190125000000000001
Thanks AZ.
I see no reason for a carve-out from the DCR for Surviving Claims. Hope THJMFW responds fast because no carve-out is justified and to allow for distributions from this DCR.
IMO, CIC happened EOY 2018. The LT must distribute the CIC for "WMB and it's assets" on or before Feb first. Tranche 4 and Tranche 5 must be satisfied by this DCR distribution first.
Yes, IMO this whole EC delay tactic was all by design.
I Guess Point 11 is Not Moot.
11.
Upon review of the parties’ submissions, the Court will direct the parties regarding next steps, including with respect to the scheduling of a hearing on the parties’ submissions and the allowance or disallowance of the Surviving Claims.
* the Court will direct the parties regarding next steps, [Hopefully this happens fast to implement Carve-out and release DCR funds before Feb first.]
* including with respect to the scheduling of a hearing on the parties’ submissions and the allowance or disallowance of the Surviving Claims. [ This Hearing could be on Feb 5th date. ]
Doc 12563;
http://www.kccllc.net/wamu/document/0812229181119000000000001
Doc #12581.
Court Docket: #12581
Document Name: Notice of Completion of Briefing. Judge Walrath is reviewing this case Filed by WMI Liquidating Trust. (Steele, Amanda)
Date Filed: 1/28/2019
http://www.kccllc.net/wamu/document/0812229190128000000000001
NOTICE OF COMPLETION OF BRIEFING
PLEASE TAKE NOTICE THAT briefing is complete on the Motion of WMI Liquidating Trust for an Order (I) Granting WMI Liquidating Trust’s Omnibus Objections, (II) Deeming the Claimants’ Claims Disallowed, (III) Authorizing the Distribution of Funds in Disputed Claims Reserve and (IV) Dismissing WMI Liquidating Trust’s Adversary Proceedings [Docket No. 12499] (the “Motion”). WMI Liquidating Trust (“WMILT”), as successor in interest to Washington Mutual, Inc. and WMI Investment Corp., formerly debtors and debtors in possession (collectively, the “Debtors”), advise the Court that the following filings are relevant to the Motion:
Thanks AZ, "Have Been Rendered Moot".
Hopefully we experience Monetary Events around the beginning of February.
Yes BBob, I Agree.
EC sued us For CIC and lost. Now we are suing them for reasonable attorneys’ fees, costs and expenses.
It's a Pre-Trial, Hence: a New Case.
The New Trial.
EC sued us For CIC and lost. Now we are suing them for reasonable attorneys’ fees, costs and expenses.
First: EC could not sue us because CIC had not happened.
Now: CIC happened and we are the wrong party. JPM is the counter party to EC Claim.
PDF 25.
http://www.kccllc.net/wamu/document/0812229190125000000000001
For example, the WMI CIC Agreements and the WMB CIC Agreements provide that: “In any dispute in arbitration or court arising out of or relating to this Agreement, the losing party shall pay the prevailing party’s reasonable attorneys’ fees, costs and expenses.”
Yep, EC pays WMILT for CIC legal expenses as the losers.
Thanks AZ.
=> AZ is Right <=
Chilln, Hopefully You're not Being Sarcastic,
or negative.
AZ has done great DD. We both WIN.
$$
VBNR.
HLCE,
Ron
AZ Gigging Up of The May 2009 filing,
that lead to 12499 and 12563 did the trick not any e-mails.
PDF 25.
For example, the WMI CIC Agreements and the WMB CIC Agreements provide that: “In any dispute in arbitration or court arising out of or relating to this Agreement, the losing party shall pay the prevailing party’s reasonable attorneys’ fees, costs and expenses.”
Yep, EC pays WMILT for CIC legal expenses as the losers.
Thanks AZ.
=> AZ is Right <=
You were told. CIC Coming,
The WaMu Attorneys Had the Game Plan,
https://investorshub.advfn.com/boards/read_msg.aspx?message_id=146327702
Thanks AZ, Looking at the Filing Dates.
https://investorshub.advfn.com/boards/read_msg.aspx?message_id=146324037
Thanks NDT, CIC.
and the dates.
December 31, 2018.
fully-paid
" fully-paid structured share repurchase agreements, and employee and director stock options."
fully-paid securities lending program
https://www.bing.com/search?q=fully-paid+securities+lending+program&form=EDGEAR&qs=AS&cvid=3b9fcfa9e83b41ed9b6445d9a50cfee4&cc=US&setlang=en-US&PC=DCTS
Example;
"In the Fully Paid Lending Program 4, Fidelity can borrow fully paid and excess margin securities from your account. In return, you receive collateral held at a custodial bank independent of Fidelity. In addition, you receive an interest rate-based lending fee that is calculated by multiplying the loan rate by the market value of the securities on loan."
Yes, As a Starting Point.
ONE POSIT.
Read his post again.
Very Big Nuts of Reward.
Squirrels like them.
VBNR.
There is no way to know how big "WMB and it's assets" payment can be.
That's just for starters...
ABS.
363.
...
6.23 million COOP shares traded on Dec 23rd.
Or 74.76 million WMIH shares. 6.23 * 12 = 74.76
The WaMu Attorneys Had the Game Plan,
the whole time, all the way back to mid 2009 as you posted. FDIC and JPM just needed time for the "WMB and it's assets" valuations to be completed. The DC Dual Track with CA Probate and some LIBOR provided the means to that end valuation.
The #12499 filing and #12563 refinements set the stage for the closing of the cases. Therefore Weil and friends knew CIC was coming. That 360 day calendar you have talked about has a special accounting day of 12-31. The perfect day for CIC.
CIC > GSA > $$ > BK closure.
=> AZ is Right <=
Thanks AZ, Looking at the Filing Dates.
#12563 filed on 11-19-18.
Telephonic Hearing on 12-6-18.
Then IMO CIC on 12-31-18.
Then EC filings on 1-4-19.
Yes, the EC cases were just a justification to delay to keep BK open until CIC payment to complete the GSA prior to BK closure.
As you know, the EC filings on 1-4-19 are the history of the EC cases in preparation for the ECs to be heard in their own venue to brake EC issues away from the WaMu BK cases.
With CIC as a past event, the EC issues are now property of JPM. No WMILT DCR carve-out is required.
IMO,
Next;
"Motion" to have EC change venue this month.
QSR DCR distribution with $25MM hold-back for admin.
"The Final Payment" for "WMB and it's assets" to us on 2-1-19ish.
Distributions to WMB Noteholders at anytime.
Distributions to recipients of ABS Trusts participation at anytime.
Other distributions coming before BK closure.. the other DCRs and 363 Sale.
"Motion" to close BK in which would happen 15 days after filing.
RD, The Cases.
Debtor Name__________________Debtor Case Number
WMI Investment Corp.__________08-12228
Washington Mutual, Inc._________08-12229
http://www.kccllc.net/wamu
Chilln, Please prove AZ said what you claim.
AZ reads Documents. I don't remember any valuation predictions to Escrow holders returns. Just what WMI is mammoth and I agree.
Cent, Yes AZ is Right.
AZ has done his home work.
Thank you AZ.
Cent, Yes But the Escrows,
as we call them are not Worthless securities but a place holder for a future payment.
I have other Worthless securities in an account that are not designated as ESC.
HM, It's So Simple.
The Series K was amended before the series was, using your term DELISTED.
You don't understand what happened then;
HM, You are Grossly Miss Quoting,
a posters posts just to create arguments.