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What did Susman and his law firm do to benefit escrows?
Obviously, 60% of something is better than 100% of nothing more coming to escrows.
Wasn't the equity committee dissolved a long time ago? Didn't Walrath establish the equity committee? If so, it would have prudent for her to maintain that representation for escrows. To make sure the "Fair and Reasonable" claim was accomplished.
Boris the Spider, didn't you post previously that you know a real good lawyer that has already reviewed the circumstances?
I wish the future of escrows looked as good as the way COOP's future looks.
Boris the Spider, is your attorney friend still ready to go, if needed?
Ambiguity has been prevalent in this whole ordeal. As an escrows holder, this has made me uncomfortable and skeptical.
The primary thing for the lawyers would be to be a procedural "watchdog". To make sure the process is "above board" and escrows get what's coming to them in a timely manner. At this point, we just seem to be "in limbo", hoping for something productive to come our way.
It seems imperative that escrows have legal representation to help navigate the process. And in the pursuit of the "Fair and Reasonable" claim made to them. Is it feasible to get a good law firm to work this on a contingency basis?
It would certainly be nice to have more factual legal input. Legal oversight on behalf of escrows is what's really needed.
UpTickMeASAP, if what you say is true. How will the powerful hedge funds involved react? Seems like they'd be pretty pissed and proactive in finding out why there wasn't "Fair and Reasonable".
wcheng, it's nice escrows still seem to be alive. (if we are) But jeez, after the ridiculous amount of time we've endured waiting for F and R. If nothing in the next few months, no doubt, we need to invest in a reputable law firm to see what the "hold up" is. And to make sure we aren't getting "bamboozled". Right now, we seem to be in a "gunfight with a scissors". Hopefully, Boris the Spider has astute counsel in mind, if needed.
Key question, when are we going to get paid? I appreciate all your dd. But "when are we going to get paid?" is what it comes down to.
yep, the whole ordeal has been "murky", at best, for escrows holders anticipating something "Fair and Reasonable".
Isn't Willingham in Class 22?
yep, who is going to give escrows "Fair and Reasonable" now? Please answer that, Judge Walrath.
What does it mean for escrows if LT was terminated today? Anything?
How would the hedgies feel if this were to happen? What would their reaction be?
"When LT is dissolved, the next step will be the deletion of the escrow markers from our accounts".
What will escrows commons holders find out tomorrow?
What did Rosen claim, something like, there was a nominal amount of money left and it would be going to charity? Somebody, please refresh my memory on this.
Could March 19 reveal any information regarding escrows?
So lodas, do you feel the hedgies might have gotten "screwed over", too, on getting Fair and Reasonable for their escrows?
Let's hope COOP "puts a premium" on maintaining and utilizing those NOLS. Why wouldn't they?
JPM can, but would they put up 10 Billion to settle this? And make escrows go away. Just in case the trusts theories don't "pan out". I sure wish escrows had a distinguished law firm working on this type of possibility. Surely, the hedgies could come up with the funds to hire decent legal representation on this pertinent matter.
BBANBOB, hope you are "right on" about it not being over. I'm hanging in there, too. I do really appreciate those that help us try to substantiate a real possibility of something materializing.
Understood. But there is a certain actual "deserving" restitution involved with "PRE" that isn't the case otherwise. Agree? By the way, I hope both investment situations get some kind of a pay-back for their long-suffering investment.
You do realize I am a "PRE", right? Believe me, I know the devastation caused by this deceptive, caustic seizure of a great company. Not only as investor, but as an American. It's one of the most embarrassing things for the USA I've ever witnessed. Has there been a brilliant coverup? I sure don't see any "fair and reasonable" yet.
Very much deserved. Washington Mutual was a wonderful company that "got the shaft". The seizure/theft was and still is an embarrassment to the country. It didn't get the exposure it warranted. I still can not figure out why more Congressional "leaders" didn't call for a full-blown investigation. As well as why much of the media "dropped the ball" in the pursuit of justice.
I agree, as it stands, "PRE" were the true victims in this travesty.
Whatever happened to Dr A? We (escrows) could sure use him now pleading our case.
Boris the Spider, does your attorney friend feel escrows are entitled to this? And that he can present evidence to prove it in court, if needed.
"we have the $30B in "bonus money" that JPM "found" from the commercial property portfolio that should be returned to the shareholders, as well as the $4B that WMI had just deposited that was stolen".
If nothing shakes in the next few months, Boris the Spider's prominent attorney will likely use some of this stuff in his pursuit of justice for escrows.
PickStocks, aren't you "pulling" for the predictors to finally be "right on"?
The predictions for a possible March escrows payout would give COOP a huge "shot in the arm". I say, $50/share minimum shortly thereafter. It would be an almost "perfect storm" situation.
Yep, I'd be surprised if COOP wouldn't surpass $50/share quickly if there were a nice escrows distribution sometime in March.
Boris the Spider, that is some great news. Thanks.
Imagine where COOP would be if some investors had some escrows distributions cash to "sink into" COOP.
We likely need "no-nonsense" counsel that can sort thru this and get results. Escrows holders have NEVER had that. So we've waited over 12 years and "still no meat on the bones". This in response to, "My question is what can we do to escape this whirlpool we keep circling around in?".
If so much money is at stake, would a great law firm take this on a contingency basis?
"Some entity is holding the cash that belongs to WMI Escrow Marker Holders". Who could be "holding the cash" and what's the hold up getting it distributed? Those, seem to be the "$137.2068 B" questions that need to be addressed?
Large Green, what is your projection as to the shares payout ratio to common escrows holders? "I look for these shares to be issued to legacy common share investors who signed timely releases by 3/2012".