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Change in Control
happened on, or before June 1st.
CIC happens when "the Final Payment" is made, just like when you make the final payment on a car loan you get the Title to the car, signifying the CIC in ownership. Before your final payment you only had "Equity Interest" in the Bank's car.
JPM now owns title to "WMB and it's asserts". WMI only release the "Equity Interest" in WMB to the FDIC which resulted in a CL/NOL.
Now that "the Final Payment" has been made to WMI. WMIH will 'book' the Capital Gain, and the NOL's go away.
We don't know the exact 'then' the money comes, but we know FDIC must make Dividend distributions at the end of each quarter.
September 30th is the end of the third quarter. Dividend distributions after the forth quarter will violate the five year CL/CG Tax attribute, and WMIH would have to pay the tax on "the Final Payment".
"the Final Payment" = 3X * "WMB and it's asserts" due to RICO Damages.
ABS distributions is a different source of funds coming, and not part of "the Final Payment".
HLCE indeed,
Ro
The Key Word is Serviced.
Washington Mutual Inc. (parent to Washington Mutual Bank, FSB) reported $6.2 billion in MSAs as of June 30, 2008
Exhibit No. 10.1, 10.2
See last page of 10-Q
Description of Exhibit
10.1†
364-Day Revolving Credit Agreement, dated as of June 29, 2017, among KKR Capital Markets Holdings L.P., certain subsidiaries of KKR Capital Markets Holdings L.P., each of the Lenders (as defined therein), and Mizuho Bank, Ltd., as administrative agent.
10.2†
First Amendment, dated as of June 29, 2017, to Second Amended and Restated 5-Year Revolving Credit Agreement, dated as of March 30, 2016, among KKR Capital Markets Holdings L.P., certain subsidiaries of KKR Capital Markets Holdings L.P., the Majority Lenders (as defined therein), and Mizuho Bank, Ltd., as administrative agent.
955, Another Way to do the Math.
JPM claims $6 Billion annually in revenue from servicing the WaMu Master Loan Portfolio.
From ABS/MBS prospectus a servicing rate is ~1.40%.
X * 1.4% = $6B
X = $6B/.014
Now multiply by nine for nine years. To keep it conservative, say WMI/WMIIC's participation in the Master Loan Portfolio Trusts is only 10%.
You get the Idea.
HLCE,
Ron
Bob, See My Response to Borbash;
https://investorshub.advfn.com/boards/read_msg.aspx?message_id=134661286
I was responding to his post regarding the $3.7 Trillion in ABS/MBS Certs run-off by FED.
WaMu ABS/MBS Trust Certs can be part of that FED sell. For the FED to sell Certs, the FDIC must first lift the Trusts from "Safe Harbor". That means that other WaMu Trusts will also be freed from "Safe Harbor" for nine years accumulated cash, and future monthly cash distributions.
FED is to state the Run-off process in October.
HLCE,
Ron
Should WMIH Buy Some of These?
WMIH owns the "Equity Interests" in WMIIC, and WMIIC 'owns' Certs.
* "Equity Interests"; we are not talking about the Stock of WMIIC when referencing ABS/MBS Certs.
"Equity Interests" is the result of WMIIC owning 25% or more of the Tranche/Trust thru the purchases of Certs of that tranche/Trust. Owning the "Equity Interests" that can be used as collateral to make purchases. :)
For the FED to sell the Certs, first FDIC needs to free the Trusts from "Safe Harbor". All the litigation is resolved....
Borbash, Yes it Can
be related to us.
The FED bought these ABS/MBS bonds Certs when others wanted out because the monthly distributions was stopped due to FDIC "Safe Harbor". Many investors and Institutions need the monthly cash flow, and the sales of the bonds would drive bonds prices down. Therefore the FED bought the bonds to stabilize prices and be part of the accumulated future cash distribution as FDIC "Safe Harbor" closes now that all litigation is finalized.
Now with litigation finalized and FDIC "Safe Harbor" lifted, distribution can again start flow to ABS/MBS Cert holders. The FED is going to sell their ABS/MBS bond Certs into the market in ~October.
WMI/WMIIC is a ABS/MBS bond Cert holder, and you as an WMI investor are also a participant in the accumulated and future monthly cash Cert distributions held by WMI/WMIIC in which it participated in.
BIG HLCE,
Ron
Borbash, Yes it Can
be related to us.
The FED bought these ABS/MBS bonds Certs when others wanted out because the monthly distributions was stopped due to FDIC "Safe Harbor". Many investors and Institutions need the monthly cash flow, and the sales of the bonds would drive bonds prices down. Therefore the FED bought the bonds to stabilize prices and be part of the accumulated future cash distribution as FDIC "Safe Harbor" closes now that all litigation is finalized.
Now with litigation finalized and FDIC "Safe Harbor" lifted, distribution can again start flow to ABS/MBS Cert holders. The FED is going to sell their ABS/MBS bond Certs into the market in ~October.
WMI/WMIIC is a ABS/MBS bond Cert holder, and you as an WMI investor are also a participant in the accumulated and future monthly cash Cert distributions held by WMI/WMIIC in which it participated in.
BIG HLCE,
Ron
Can this be related to us ? The Federal Reserve is set to take a leap into the unknown next week by beginning to sell some of the roughly $3.7 trillion of bonds and mortgage securities it amassed during the financial crisis.
The Fed will meet on Tuesday and Wednesday and is widely expected at the end of the meeting to announce it plans to allow the run-off of its massive balance sheet beginning sometime in October. Fed Chairwoman Janet Yellen will hold a press conference afterwards to explain the decision.
http://www.marketwatch.com/story/fed-to-take-historic-leap-into-the-unknown-2017-09-14
ANICO/WMBNHG disagrees with YOU.
WMBNHG sued for $307 Billion.
Doc #5885 footnote 2; Damages.
RICO is automatic 3X in Damages. True RICO was not 'Ruled" on. If JPM's BOD was found guilty of RICO. JPM's entire BOD and other employees would be in jail. RICO is 20 years sentence. I have posted the link for RICO in many other posts.
I didn't invent the numbers, I just read the Docs.
Yes, Change in Control
happened on June 1st.
CIC happens when "the Final Payment" is made, just like when you make the final payment on a car loan you get the Title to the car, signifying the CIC in ownership. Before your final payment you only had "Equity Interest" in the Banks car.
JPM now owns title to "WMB and it's asserts". WMI only release the "Equity Interest" in WMB to the FDIC which resulted in a CL/NOL.
Now that "the Final Payment" has been made to WMI. WMIH will 'book' the Capital Gain, and the NOL's go away.
We don't know the exact 'then' the money comes, but we know FDIC must make Dividend distributions at the end of each quarter.
September 30th is the end of the third quarter. Dividend distributions after the forth quarter will violate the five year CL/CG Tax attribute, and WMIH would have to pay the tax on "the Final Payment".
ABS distributions is a different source of funds coming, and not part of "the Final Payment".
HLCE indeed,
Ron
Therefore; Change in Control Happened
on, or about; June 1st.
The notices have now been sent' ... JPMC, re: WaMu "serviced" mortgages, ... "SUBSTITUTION OF TRUSTEE AND DEED OF RECONVEYANCE" ...
Document is dated, June 01, 2017',
Letter is dated, August 25, 2017',
Delivered to US Residents First Class Mail', September 13, 2017',
AZ
RICO.
Please ask ANICO, or do your own marh.
http://www.kccllc.net/wamu/document/0812229091214000000000008
See PDF 435/825 for ANICO action against JPM claiming RICO.
RICO = 3X in Damages.
Change in Control.
The PAA "the Full Payment" for "WMB and it's assets" completes the Change in Control.
The WMBNHG sued for $307 Billion, $6.5B was satisfied in the 363 Sale. Therefore $299 Billion. Now make adjustments for ABS from CA Probate case. DB's $3B from WMB to ABS Trusts, and same other Trustees. Add 1.95% FJR interest to the Total for about nine years.
RICO is an automatic Treble Damages. 3X. See post by Uncle Bo.
https://investorshub.advfn.com/boards/read_msg.aspx?message_id=134481604
JPM has raised $1.4 Trillion from Euro Notes.
https://investorshub.advfn.com/boards/read_msg.aspx?message_id=134339055
We should start seeing Document changes as JPM takes ownership. The process has started because JPM got the $645MM on July 14th, but paid "the Full Payment" to the FDIC beforehand.
The ABS accumulate cash in the Trusts is a different topic because the Trusts are not part of the Bank.
P.S.
Johnny, any more word on FDIC's LIBOR case against JPM-DB? The FDIC did not release JPM from LIBOR in FDIC-DB-JPM settlement [the CA Probate case] "WHEREAS".
HLCE,
Ron
Please see AZ's posts #487361, #487366.
https://investorshub.advfn.com/boards/read_msg.aspx?message_id=134545825
https://investorshub.advfn.com/boards/read_msg.aspx?message_id=134548275
Uncle Bo, Please tell Us More.
Please tell us more about the Appeals
I searched 1:15-cv-05322 and got;
L.B. v. New York City Department of Education, et al.
https://www.pacermonitor.com/public/case/8685730/LB_v_New_York_City_Department_of_Education,_et_al#
the original case for the appeals one 15-5322...
Case No. 1:09-cv-00533
Case No. 1:09-cv-00533 is "the WMB Action".
The WMBNHG will have deemed to Release upon payment for the WMB Bonds.
"... except to the extent any claim has been expressly preserved in the Settlement Agreement."
Download link;
https://www.plainsite.org/dockets/download.html?id=33270727&z=bd530f06
or See Doc #119
https://www.plainsite.org/dockets/mj2e06pr/district-of-columbia-district-court/washington-mutual-inc-et-al-v-federal-deposit-insurance-corporation/
Ron
RMC "Stay" to Be Lifted.
See second to last "WHEREAS" on PDF 1, and 1.12 "Related Actions" on PDF 4.
The "Stay is from case RMC 00455ish (not exactly sure about the case Number -checking-) "the WMB Action" with the WMBNHG where DB was not allowed to Intervene.
#1656 is (the "WMB Action") is about DBNTC v. FDIC et al with the Steering Committee (WMBNHG) agreeing to the process.
http://www.globic.com/wamurmbssettlement/pdfs/Ex%203.pdf
Ron
• Stipulations to dismiss the four related cases pending before Judge Collyer were filed yesterday. Details below. Thanks goes to BlueHat for this on BP
1:13-cv-01997
JPMORGAN CHASE BANK, NATIONAL ASSOCIATION v. FEDERAL DEPOSIT INSURANCE CORPORATION et al
Link to Stipulation on Recap
Archive: http://www.archive.org/download/gov.uscourts.dcd.163697/gov.uscourts.dcd.163697.52.0.pdf
Link to Docket on Recap Archive: http://ia600607.us.archive.org/25/items/gov.uscourts.dcd.163697/gov.uscourts.dcd.163697.docket.html
1:12-cv-00450
JPMORGAN CHASE BANK, NATIONAL ASSOCIATION v. FEDERAL DEPOSIT INSURANCE CORPORATION et al
Link to Stipulation on Recap Archive: www.archive.org/download/gov.uscourts.dcd.153459/gov.uscourts.dcd.153459.69.0.pdf
Link to Docket on Recap Archive: http://ia600304.us.archive.org/5/items/gov.uscourts.dcd.153459/gov.uscourts.dcd.153459.docket.html
1:09-cv-01656
DEUTSCHE BANK NATIONAL TRUST COMPANY v. FEDERAL DEPOSIT INSURANCE CORPORATION, et al
[The Recap archive for this case’s docket hasn’t been updated seemingly since 2015 (?), so the docket entry and link for the stipulation isn’t showing there yet, but a copy of the stipulation for this case from Pacer is attached here (likely accessible once approved by a Boardpost moderator). The docket listing for the stipulation from Pacer is shown below.]
09/08/2017 203 STIPULATION of Dismissal by DEUTSCHE BANK NATIONAL TRUST COMPANY. (Franklin, Talcott) (Entered: 09/08/2017)
1:10-cv-00505
NORTH CAROLINA DEPARTMENT OF REVENUE v. FEDERAL DEPOSIT INSURANCE CORPORATION et al
Link to Stipulation on Recap Archive: http://www.archive.org/download/gov.uscourts.dcd.141411/gov.uscourts.dcd.141411.78.0.pdf
Link to Docket on Recap Archive: http://ia800504.us.archive.org/16/items/gov.uscourts.dcd.141411/gov.uscourts.dcd.141411.docket.html
Yes, Project West was - willful misconduct.
Project West was exposed as willful misconduct in Discovery Doc #1997. The whole Doc shows JPM RICO involvement and Antitrust Acts.
Court Docket: #1997
Document Name: Debtors' Motion for an Order Pursuant to Bankruptcy Rule 2004 and Local Bankruptcy Rule 2004-1 Directing the Examination of Witnesses and Production of Documents from Knowledgeable Parties
Date Filed: 12/14/2009
https://www.kccllc.net/wamu/document/0812229091214000000000008
ANICO allegation to JPM's RICO acts starts on PDF 435/825. The Project West status reports was presented to the entire JPM BOD, therefore all of JPM's BOD could be found guilty if RICO and be sentenced for 'I believe' 20 years.
Yes, ANICO is a member of WMBNHG.
Very HLCE,
Ron
Happy Life Changing Event.
WMBNHG sued for $307 Billion for "WMB and it's assets"
$6.5 Billion in Capital Contributions was paid-back in the 363 Sale.
FDIC; "WMB and it's assets" = $299 Billion. "Y"
Treble Damages;
"Treble damages, in United States law, is a term that indicates that a statute permits a court to triple the amount of the actual/compensatory damages to be awarded to a prevailing plaintiff. Treble damages are a multiple of, and not an addition to, actual damages."
https://www.google.com/search?q=treble+damages&ie=utf-8&oe=utf-8
Use-value.
3 * "Y" =
"the Full Payment" for "WMB and it's assets".
WMBNHG = WMB Note-Holder Group. ANICO is a member of the WMBNHG.
WMIIC-ABS
>> and MORE STUFF <<
HLCE,
Ron
No Updates to the Globic Site.
http://www.globic.com/wamurmbssettlement/index.html
Not a word about 'appeals'. Hence; un-appealable.
CASE STATUS UPDATED TO POST JUDGMENT EFFECTIVE 07/17/2017
07/17/2017
JPM received their money for the Indemnification Claim on July 14th, and the FDIC received money for "the Payment" for "WMB and it's assets" before JPM $645MM Claim.
The FDIC doesn't trust JPM anymore than we do.
***
Where is Rosen?
>> P-Rose LLC!
HLCE,
Ron
Please ask yourself this;
Did the WMBNHG win both WMI I, "the WMI Action", and WMI II, "the WMB Action"?
Did the WMBNHG as the WMB Steering Committee oversee and agree to the CA-DB process?
Did the WMBNHG sue for $307 billion in WMB assets?
Is ANICO a party in the WMBNHG?
Did ANICO file litigation against JPM claiming RICO?
Need more detail? See #1997, PDF 435/825.
Has the WMBNHG released FDIC and JPM?
Was the WMBNHG and WMI/WMILT/WMIH prepared to move-forward in ~summer of 2015?
Has WMI/WMILT, "the Debtors Estate" released FDIC and JPM?
(Only you and I as equity holders have released FDIC and JPM to receive a 'distribution'.)
We don't know the exact when, but we know FDIC/JPM must !
This point is major; Rosen no longer works for WG&M. Therefore all settlement agreements and litigation must have been finalized before his departure.
S@@N.
Do you need more questions to help you find the answer?
Yep, the Class 17 WM Covered Bond Program awaits to be satisfied.
No Satisfaction, No Releases.
See PDF 8/48;
Trust numbers 123, 124, 125.
http://www.globic.com/wamurmbssettlement/pdfs/WaMu%20Notice%20to%20Holders_7.5.2017.pdf
?When will it be taken care of?
It's DONE, Gus singed it on June 30th, and JPM received their priority Claim on July 14th.
JPM prepaid the FDIC "the Payment" for "WMB and it's assets" before JPM received their $645MM Claim. That's the way Big Business is done.
Remember Brian Rosen no longer works for WG&M as of ~August 21st, therefore all WMI/WMILT pending agreements and litigation was closed and finished before Rosen left.
PAA between FDIC/JPM is complete, and CIC is complete with "the Payment" to WMI/WMILT, "the Debtors Estate".
Mr. Simpson, I have a couple Questions.
1. Regarding the CA Court; Both un-appeal-able Orders were signed on June 30th, and after the 'is appeal-able' rumors started then; "Judgement is Effective 7-17-2017". Also, 60 days from June 30th is August 29th.
The "Judgement is Effective 7-17-2017" means that Both un-appeal-able Orders can't be appealed. IMO, CA is DONE, and JPM got the $645MM on July 14th.
2. How can WMILT file for an extension if WMILT's counsel is no longer available to file the extension? Brian Rosen no longer works for WG&M. IMO, WMILT can't file an extension.
2b. How can WMILT still litigate the Employee Claimant's now that Rosen has departed? IMO, CIC, CIC Summary Judgement is complete.
3. August 29th reporting of H's Full Call means that WMIH can now sell WM Mortgage Reinsurance Company, Inc as planed in Plan 6. Thank Mr. Zellin.
Yes, please ask CSNY how??
Ron
IMO, Better wording could be;
Markers will only be Markers, but markers designate the value transition.
Example; P Escrow Marker can be use for the value transition into new WMIH issuance of Preferred shares, and cash to make-up any difference.
It's understood that this was scheduled to happen around 8-4-2015 for the P Escrow Marker, and therefore the K's, and TPS also. Remember WMIH was ready to Rock-n-Roll in the summer of 2015.
I would love new Preferred shares for my old Preferred shares and cash to make-up any difference.
Hint; Remember the Oct 13th 2015 $11MM expenditure for the 'almost' event?
HLCE,
Ron
LP, Please See First entry in Table in link provided for date and other Details.
Bonds issued in EU do not need to be reported to the US-SEC. You won't find any US-SEC S-3 filings.
It's $1.4 Trillion Dollars from Euro Notes.
Please take the time to review the Docs for more details. Maybe you can find the Prospectus for these Notes.
Ron
JPM Raised $1.4 Trillion in Euro Notes.
The $1.4 Trillion in Euro Notes don't need to be reported to the SEC because their Euro Notes !
Therefore the $1.4T would not be reported in this filing.
http://quicktake.morningstar.com/stocknet/bonds.aspx?symbol=jpm
Now it's valued at $1.59 Trillion.
Thank You ND9.
HLCE,
Ron
No, not the CUSIP but the "Underline Stock Symbol".
If you use a major broker see; 'Details", of some other tab for more information.
You should see a code like; "TRIBXX". I don't have access to letters of the code now.
Code means something like;
~Strike Price of; $70ish, for February.
Ron
Ask Your Broker for the "Underline Stock Symbol" for the Jr Bonds.
JPM is taking ownership of the WMB Notes. Class 17 will have deemed to Release JPM upon payment. The WMB Jr. are showing a "Underline stock symbol" for JPM commons. In the WMB Notes prospectus, the Notes can be redeemed for WMI shares when WMI owned WMB. After the CIC, JPM will own WMB and can redeem WMB Notes with JPM common shares, and be Released.
From the FDIC's website; Your WMB Bond claim follows ownership, so there is no need to file a claim.
It's real simple Bob.
JPM is buying WMB. The WMB Noteholders Group set the price when WMBNHG sued for $307B. $6.5B in Capital Contributions were repaid in the 363 Sale, resulting in the FDIC's $299B "WMB and it's assets", know as "Y". The WMB Notes obligation are part of the purchase by JPM at no cost to WMI.
We know "the Payment" by JPM is in process because Rosen was litigating the Employee Claimants CIC and now Rosen has moved to another Firm. The only way Rosen could change Firms is when the Employee Claimants CIC is settled. We should see a signed Employee Claimants CIC Summary Judgement filing on the Docket.
The completion of "the Payment" by JPM completes the CIC.
"the Payment" by JPM should be around 3 x "Y"ish
Remember; The WMBNHG won twice. WMI I "the WMI Action", WMI II "the WMB Action". The WMBNHG knew that is equity was intact, then WMBNHG was protected.
http://www.kccllc.net/wamu/document/0812229091214000000000008
side note; see PDF 435/825 for ANICO is part of WMBNHG.
HLCE,
Ron
Newflow, You have drawn the wrong conclusion.
JPM is taking ownership of the WMB Notes. Class 17 will have deemed to Release JPM upon payment. The WMB Jr. are showing a "Underline stock symbol" for JPM commons. In the WMB Notes prospectus, the Notes can be redeemed for WMI shares when WMI owned WMB. After the CIC, JPM will own WMB and can redeem WMB Notes with JPM common shares, and be Released.
WMIPF [TPS];
During the TPS Exchange Event of $4B, The $4B went to WMB/JPM, but NOT the over-funding of ~$10B-ish. The over-funding remains with WMI for Class 19 because it's their property. JPM reimbursed WMI for the $4B Exchange Event in the 363 Sale.
Remember; The WMB Noteholders won twice. WMI I "the WMI Action", WMI II "the WMB Action".
HLCE,
Ron
Thanks Uncle Bo. Yes the Sept 5th is a "Dog whistle" regarding "appeals".
For the rest of the MB;
The PAA was completed with the "Final Approval" on June 30th along with the "Final Allocation" and JPM and the FDIC got their money on, or before June 14th. It happened.
JPM got their $645MM at the same time the FDIC got "the Final Payment" of around $900B for "WMB and it's assets" which completes the CIC. DBNTC and other Trustees received their Trusts distributions shortly thereafter, which finalized the PAA and Receivership and CIC with "the Final Payment" to the WMI Estate. IMO, on Sept 5th.
>> When you buy a car with a $2,000 up front discount, can you take the $2,000 up front to go buy a Refrigerator and the come back in two hours and buy the car? NO WAY! Both deals close at the same time.
The OTS Balance sheet of $46B is correct, but none of the liabilities became liabilities. Again see the FDIC for liabilities. Hence; $299B for "WMB and it's assets" with minor adjustments for above JPM, DBNTC and other claimants.
***
ABS Securities
JPM claims to make $6B [maybe $8B] annually from servicing WaMu Securities at ~1.4%. JPM has been servicing WaMu Portfolio for 8.91 years time[t]. To keep it conservative figure a 30% participation rate to calculate the total accumulated.
The Math;
X * 1.4% = $6B
X = $6B / .014
X = X * .30 * t
Hopefully we see some ABS money before Sept 5th. Normally ABS payments are made on the 23rd to the 25th on the month. The ABS are Safe Harbor, and not directly part of the receivership.
-> AZ is RIGHT <-
HLCE,
Ron
P.S.
Did the PIERs finalize? What timing.
WMB never Failed, but was a 5AT.
WMB was used to shore-up JPM.
Please see Doc #1997;
Court Docket: #1997 Email
Document Name: Debtors' Motion for an Order Pursuant to Bankruptcy Rule 2004 and Local Bankruptcy Rule 2004-1 Directing the Examination of Witnesses and Production of Documents from Knowledgeable Parties
Date Filed: 12/14/2009
http://www.kccllc.net/wamu/document/0812229091214000000000008
side note; see pdf 435/825 for ANICO
"For the "CIC Summary Judgement" to be signed "the Payment" has been made." It's not a Golden Parachute because WMB did not fail, but was 5AT seized. WMI was not a Bank Holding Co, but a Holding Co. The FDIC was/is out-of-bounds.
For Damages see Foot Notes in Doc #5885
Court Docket: #5885 Email
Document Name: Debtors' Motion Pursuant to Section 554(a) of the Bankruptcy Code for Authorization to Abandon WMI's Equity Interests in Washington Mutual Bank
Date Filed: 11/12/2010
Related Documents [5]
8513, 8426, 8343, 8135, 8104
http://www.kccllc.net/wamu/document/0812229101112000000000029
For a number for payment for "WMB and it's assets";
~$299B - $645MM - $3B ish, then add interest and multiply by three, use "use-value" and use the greater. The WMB Noteholders won, twice [WMI I "the WMI Action",and WMI II "the WMB Action".
Somewhere around $900B.
JPM has raised $1.4T from Euro Bonds.
HLCE,
Ron
Currently the FDIC balance sheet is ~$2.7B minus $645MM for JPM, and $3B pending for the Trusts that DB is Trustee for.
How come you're "liabilities around $257B" does not show on the Balance Sheet?
The ~$299B doesn't show on the Balance Sheet is because "the Payment" was not been made yet at Balance sheet date.
"the Payment" with Treble Damages [#5885], and "use-value" [the WMI Action] will constitute the Change in Control for "WMB and it's assets" to close the Employee Claims issue. For BR to move to a different firm, the "CIC Summary Judgement" for the Employee Claims issue is singed.
For the "CIC Summary Judgement" to be signed "the Payment" has been made.
HLCE
Ron
When Can an Attorney Withdraw in the Middle of a Case?
http://research.lawyers.com/when-an-attorney-must-or-may-withdraw-mid-case.html
You have the right to fire your attorney in the middle of your case, but the attorney can't simply quit without a good reason.
CHANGING LAW FIRMS or “BREAKING UP IS HARD TO DO” ETHICAL ISSUES
WHEN LAWYERS MOVE BETWEEN LAW FIRMS
http://m.vsb.org/docs/valawyermagazine/changing-firms-2013-10.pdf
Mr. Rosen has NOT withdrawn from WMI's BK. Therefore the BK must have closed.
http://www.proskauer.com/professionals/ ->R:
Rosen, Brian S
Thank You ND9 and AZ