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Think they already undisclosed through First Republic with JPM/FDIC
no $6,500
"RD What might be holding up distribution of Bucket 1? Close of receivership?"
I think that the Congressional vote on financial matters will be some of the final pork of the BIll any day IMO for the FDIC to be funded for 64 B. Bucket 2 later.
Payment to Depositors
How does the FDIC resolve a closed bank?
In the unlikely event of a bank failure, the FDIC acts quickly to protect insured depositors by arranging a sale to a healthy bank, or by paying depositors directly for their deposit accounts to the insured limit.
Purchase and Assumption Transaction. This is the preferred and most common method, under which a healthy bank assumes the insured deposits of the failed bank. Insured depositors of the failed bank immediately become depositors of the assuming bank and have access to their insured funds. The assuming bank may also purchase loans and other assets of the failed bank.
Deposit Payoff. When there is no open bank acquirer for the deposits, the FDIC will pay the depositor directly by check up to the insured balance in each account. Such payments usually begin within a few days after the bank closing.
https://www.fdic.gov/consumers/banking/facts/payment.html
Remember we as Washington Mutual, the speakable, are in this with the FDIC
"MUFG Bank, LTD., The Norinchukin Bank, and Société Générale Settlement Requests for ExclusionExclusion #Name of Class Member1Federal Deposit Insurance Corporation as Receiver for:a.Amcore Bank, N.A.b.AmTrust Bankc.California National Bankd.Colonial Banke.Corus Bank, N.A.f.Guaranty Bankg.Imperial Capital Bankh.Indy Mac Bank, F.S.B.i.Integra Bank, N.A.j.Lydian Private Bankk.Pacific National Bankl.Park National Bankm.R-G Premier Bank of Puerto Ricon.San Diego National Banko.Silverton Bank, N.A.p.Superior Bankq.United Commercial Bankr.United Western Banks.Washington Mutual Bankt.Westernbank Puerto Rico2The Federal Home Loan Mortgage Corporation (“Freddie Mac”)3Federal National Mortgage Association (“Fannie Mae”)4Devon Energy Production Company, L.P.5Allegheny County Case 1:11-md-02262-NRB Document 3762-1 Filed 10/06/23 Page 2 of 2
https://www.docketbird.com/court-documents/In-re-Libor-Based-Financial-Instruments-Antitrust-Litigation/Exhibit-A/nysd-1:2011-md-02262-03762-001
Austin, I believe the $$$$$ are being accounted with the merger of First Republic andJPM. This will be some of the funding for the settlement of Project West Bucket 1. The rest will come up to 64B from FDIC Bucket 2 finale will be May 28th, 2024 with 1.3 trillion of MBSs.
Exclusive-US FDIC is probing former First Republic Bank directors and officers
Story by By Douglas Gillison and Chris Prentice •
2d
"The investigation, which has not previously been reported, is the third the FDIC has opened into bank failures earlier this year which cost the federal government's deposit insurance fund about $32 billion."
https://www.msn.com/en-ca/money/topstories/exclusive-us-fdic-is-probing-former-first-republic-bank-directors-and-officers/ar-AA1jeMoK?&p2=%5EEQ%5Emedici%5E&prod=DS&cmpgn=medici&annot=false&sameTabLaunch=false&o=APN12174&installSource=other&browser=Chrome&darkMode=false&ueid=9d3d4c63-24bb-40a1-9ca1-d7fb0d1711a3&doi=2021-12-31
The distribution is in the works. Tell us the process.
'Bank of America, Chase and U.S. Bank systems DOWN today as direct deposit systems crash
Story by Vassia Barba •
23h
Previously, they explained the issue as such: "On November 3, 2023, a processing issue at EPN, the private sector ACH operator, resulted in a number of ACH entries having certain data elements obscured (file dated for November 1, 2023, processed on November 2, 2023, with effective dates from November 2-3).
https://www.mirror.co.uk/news/us-news/breaking-bank-america-chase-us-31355733
I called the court fro the date of payment but they told me to call the clamaint council?????
Trying to figure how log it will take the Cashire to pay when files on October 3rd order 30/35/40/45 days???????
"5. The Court retains jurisdiction over any further application or matter which may arise in connection with the administration of these settlements. IT IS SO ORDERED. (Signed by Judge Naomi Reice Buchwald on 10/3/2023) Filed In Associated Cases: 1:11-md-02262-NRB, 1:12-cv-05822-NRB, 1:12-cv-06693-NRB. (mml) Transmission to Finance Unit (Cashiers) for processing."
In re: Libor-Based Financial Instruments Antitrust Litigation
ORDER AUTHORIZIG DISTRIBUTION OF THE CITIBANK, JP MORGAN CHASE, BANK OF AMERICA, AND HSBC NET SETTLEMENT FUNDS TO NON-DEFENDANT OTC PLAINTIFF CLAIMANTS granting (3736) Motion to Authorize in case 1:11-md-02262-NRB; granting (281) Motion to Authorize in case 1:12-cv-05822-NRB; granting (264) Motion to Authorize in case 1:12-cv-06693-NRB. NOW, THEREFORE, IT IS HEREBY ORDERED that Non-Defendant OTC Plaintiffs' motion is GRANTED as follows: 1. The Claims Administrator's administrative determinations concerning the claims submitted to the Citibank, JP Morgan, Bank of America, and HSBC settlements are hereby approved. Consistent with the recommendation of Class Counsel, late-filed claims submitted before December 20, 2021, shall be accepted if otherwise valid. 2. The Claims Administrator shall distribute payments to authorized claimants from the net settlement funds as proposed by Class Counsel and reflected in Exhibit C to the Rabe Declaration. 3. Any further claims against the net settlement funds for these settlements are finally and forever barred. 4. Non-Defendant OTC Plaintiffs' Class Counsel, Rust and all individuals who were involved in the process ing and validation of claims, calculation of distributions to claimants, or any other aspect of the claims administration process, are hereby released and discharged from any and all claims arising out of such involvement. 5. The Court retains jurisdiction over any further application or matter which may arise in connection with the administration of these settlements. IT IS SO ORDERED. (Signed by Judge Naomi Reice Buchwald on 10/3/2023) Filed In Associated Cases: 1:11-md-02262-NRB, 1:12-cv-05822-NRB, 1:12-cv-06693-NRB. (mml) Transmission to Finance Unit (Cashiers) for processing.
Southern District of New York, nysd-1:2011-md-02262
https://www.docketbird.com/court-documents/In-re-Libor-Based-Financial-Instruments-Antitrust-Litigation/ORDER-AUTHORIZIG-DISTRIBUTION-OF-THE-CITIBANK-JP-MORGAN-CHASE-BANK-OF-AMERICA-AND-HSBC-NET-SETTLEMENT-FUNDS-TO-NON-DEFENDANT-OTC-PLAINTIFF-CLAIMANTS-granting-3736-Motion-to-Authorize-in-case-1-11-md-02262-NRB-granting-281-Motion-to-Authorize-in-case-/nysd-1:2011-md-02262-03760?fbclid=IwAR3hud-ahjCnRWaj_bnew28qXeKkqwdETEq-YlNmF2zgkoTeBiCJqU02R6A
I believe so. There will be a greater amount = 1.3 trillion of MBSs
The Hidden Settlement of Washington Mutual No one else has the kahunees to say it. :)
"In congressional testimony, former SVB and Signature executives have denied wrongdoing or mismanagement of their banks.
NO ACTION
The March implosions of SVB and Signature Bank sparked a deposit run at First Republic. Despite efforts to stabilize the ailing lender, it failed in May and was sold to JPMorgan Chase & Co. It was the biggest bank failure since the 2007-2009 global financial crisis. A JPMorgan spokesperson declined to comment.
https://www.msn.com/en-ca/money/topstories/exclusive-us-fdic-is-probing-former-first-republic-bank-directors-and-officers/ar-AA1jeMoK?&p2=%5EEQ%5Emedici%5E&prod=DS&cmpgn=medici&annot=false&sameTabLaunch=false&o=APN12174&installSource=other&browser=Chrome&darkMode=false&ueid=9d3d4c63-24bb-40a1-9ca1-d7fb0d1711a3&doi=2021-12-31
Bucket 2
Timing and Type of $$$$$
"SHORTENING THE SETTLEMENT CYCLE TO T+1
ABOUT THE EFFORT
The Securities Industry and Financial Markets Association (SIFMA), the Investment Company Institute (ICI), and The Depository Trust & Clearing Corporation (DTCC) are collaborating on efforts to accelerate the U.S. securities settlement cycle from T+2 to T+1.
On February 15, 2023, the SEC adopted final requirements for a May 28, 2024, implementation date for the move to T+1 settlement for transactions in US cash equities, corporate debt, and unit investment trusts."
https://www.dtcc.com/ust1?mkt_tok=NjY5LVFJTC05MjEAAAGPL1C35xYDu8QJRxOKxVAcaGW_2Pq5UIU8MaIsptr1CTo-jKEPYXP8M5Z46ZRXvKVj84y_ATAFZa5Pvl9XfLKIGLJEZBvO-FIIt3JaETOweHOiid3tTK3_Vws
DTCC | Financial Market Infrastructure; Post-Trade Services Provider
DTCC.COM
DTCC | Financial Market Infrastructure; Post-Trade Services Provider
The Depository Trust and Clearing Corporation (DTCC) advances solutions that help markets grow and protect the security of the global financial system.
I can't reply to PM nor have any info that will help
Mr. Cooper Group says CEO Bray sells 50K shares he holds indirectly
https://seekingalpha.com/news/4027758-mr-cooper-group-says-ceo-bray-sells-50k-shares-he-holds-indirectly
Our money for payment recovery from FDIC for legaacy IMO. Just part of the deception . The other amount to 64 Bil will come from other sourses IMO (Speculation) for the settlement payment of Project West/Anico
ExhibitSummary:2,404Claims.12,567,860,434.64TotalNetLoss.1,554,797,250.63TotalVolumeNo. ClaimNumber NetLossVolumeNo. ClaimNumber NetLossVolume175215466 3,542,369,953.6171,519,592.19557520572336,508,163.90490,151.52277867846
DOCKETBIRD.COM
In re: Libor-Based Financial Instruments Antitrust Litigation: Exhibit A (Revised)
https://www.docketbird.com/court-documents/In-re-Libor-Based-Financial-Instruments-Antitrust-Litigation/Exhibit-A-Revised/nysd-1:2011-md-02262-03785-001?fbclid=IwAR0aNCtT8VcMVjZO4qAVYWjJAz4QNQYYDQDZemynrvyAolkcjCHjOmAZMLg
64,187,120,357
JPMORGAN CHASE & CO.
Debt Securities
Warrants
Units
Purchase Contracts
Guarantees
JPMORGAN CHASE FINANCIAL COMPANY LLC
Debt Securities
Warrants
We, JPMorgan Chase & Co., may from time to time
This will be the funding that will be for the settlemt of Anico/Project West. I will go as far as to say that if not we have been screwed and left to the theft of the Century by JPM EOM IMO
"US debt managers in August lifted the refunding issues, which include 3- and 10- and 30-year Treasuries, by $2 billion, $3 billion and $2 billion relative to each of those securities’ previous auctions of new debt. They also increased issuance of all other note and bond maturities, something dealers see happening again this time.
A $114 billion plan for Wednesday would mean the following upcoming quarterly refunding auction sizes:
$48 billion of 3-year notes on Nov. 7
$41 billion of 10-year notes on Nov. 8
$25 billion of 30-year bonds on Nov. 9
The JPMorgan Chase & Co. rates team is looking for a “rinse, repeat” of August. That, they say, was also signaled by Josh Frost, the Treasury’s assistant secretary for financial markets, in a talk last month.
That’s not the universal view, however. Wells Fargo, Goldman Sachs Group Inc., Barclays Plc and Morgan Stanley are among those expecting the Treasury to tilt this time more toward short-term securities, in part given the rise in long-term rates.
https://finance.yahoo.com/news/big-bond-market-event-wednesday-200001324.html?guccounter=1
64Bil for Bucket 1 imminent
1.2 trillion for Bucket 2 by Spring 2024
Congress will not let us down, half of them are in it hahahah
There is alot to be funded, cash flow if you will. This is a matter of players, $$$$$$ and timing. Over a trillion $$$ is a large amount to be created in 2 months. IMO
This is our Funding today and wednesday, Yes you can rally Imo
Treasury set to borrow $776 billion next quarter, the most ever borrowed in the fourth quarter
Story by By Elisabeth Buchwald, CNN • 1h
https://www.msn.com/en-us/money/other/treasury-set-to-borrow-776-billion-next-quarter-the-most-ever-borrowed-in-the-fourth-quarter/ar-AA1j6FSs
Take a rest Civil, it has already been done. The Fed needs to follow through.....
Royal Dude
Tuesday, October 24, 2023 1:38:55 PM
Post# of 717876 Go
Think FDIC has managed to help : "the FDIC will somehow funnel something to JPMC to help them pay" in the press release included in the numbers for First republic.
92 B Large Bank deposits
50 B 5 Year Loan fix rate?
2.6 Gain
Total = 155.80 B
7.250 Bond settled yesterday JPM
Hope they get it together to pay Project west of 64 Billion
https://www.sec.gov/Archives/edgar/data/19617/000119312523260837/d563723d8k.htm
JPMorgan Chase acquires substantial majority of assets and assumes certain liabilities of First Republic Bank
10 B for P's =1000 u's = $2.00
64 B+= p's 6.4 u's =12.00 all +-
Totally agree for Bucket 1
A = L + OE/RE
174 B = 110 B + 64 B (according to the press release of First Republic for JPM)
"“Willful Misconduct” is the ‘nice’ Civil legal term for RICO.
JPM’s demand for the “Willful Misconduct” release is proof that JPM will pay a multiple for “WMB and it’s Assets”.
https://www.jpmorganchase.com/.../jpmc-acquires...
They will pay 64 B without admitting any Wrong IMO
Bucket 2 = 1.6 Trillion of MBSs value accumulating as we speak to be recognized in May of next year IMO
New York – May 01, 2023
https://www.jpmorganchase.com/.../jpmc-acquires...… See more
JPMORGANCHASE.COM
JPMorgan Chase acquires substantial majority of assets and assumes certain liabilities of First Republic Bank
The Most Royal Dude
All the players are here but we will figure it out. It is a waterfall at low $$$$ but wait for the settlement.
Case 1:11-md-02262-NRB Document 3872-8 Filed 10/27/23 Page 2 of 3
https://www.docketbird.com/court-documents/In-re-Libor-Based-Financial-Instruments-Antitrust-Litigation/Exhibit-A-Part-1-of-2/nysd-1:2011-md-02262-03872-001
https://www.docketbird.com/court-documents/In-re-Libor-Based-Financial-Instruments-Antitrust-Litigation/Exhibit-G/nysd-1:2011-md-02262-03872-008
"What we have here is a failure to communicate" lol
This is obviously our settlement money. If not #5 Illegal taking, here we come IMO
"JPMorgan team wrote in a note this week. The "funding gap remains large in the coming years," even after last quarter's"
UPDATE: WALL STREET BRACES FOR ROUGHLY $1.5 TRILLION IN FURTHER BORROWING NEEDS BY TREASURY -- MARKETWATCH
Print11:58 am ET October 27, 2023 (MarketWatch)
Some big Wall Street banks are expecting next week's refunding announcement by the Treasury to reflect the government's large and ongoing borrowing needs.JPMorgan Chase (JPM) and Deutsche Bank (DB) estimate that Treasury will need to borrow roughly $1.5 trillion during the current fourth quarter and first quarter of 2024 -- Bad market will be a great cover will be lookg for the 1 trill Bill to unsert this week comming
We do expect the Treasury to be responsive to the recent market move," said Deutsche Bank strategist Steven Zeng in a note.Deutsche Bank's forecast calls for a slight moderation of increases in 10- to 30-year maturities relative to the last refunding quarter. Still, Zeng said his bank expects Treasury to announce $749 billion of borrowing for the fourth quarter and $822 billion for the first quarter of 2024.Meanwhile, JPMorgan anticipates that Treasury will announce $800 billion in net marketable borrowing for the October-December period, and $698 billion for January-March of 2024, according to strategist Jay Barry and others. "Given this backdrop, Treasury's current auction schedule is insufficient to meet its prospective financing needs," the JPMorgan team wrote in a note this week. The "funding gap remains large in the coming years," even after last quarter's"
https://www.morningstar.com/news/marketwatch/20231027344/wall-street-braces-for-roughly-15-trillion-in-further-borrowing-needs-by-treasury?p2=%5EEQ%5Emedici%5E&prod=DS&cmpgn=medici&annot=false&sameTabLaunch=false&o=APN12174&installSource=other&browser=Chrome&darkMode=false&ueid=1e0f09e0-fc42-494d-a200-992a926e02a4&doi=2021-12-31&fbclid=IwAR0de4QxzPq8SAtEm2mpal6HEq43PfgPyMTt0sjgnncI6V_OB-9arRCPkr0
I also would like to speculate that the rest of Fdic for Libor will be a smaller amountbut still 75/25. I think that the Money has already changed hands for a 50B Loan to JPM from the FDIC. The payment of 64B + 7.25 Bond of JPM and will complete the settlement. The rest of Libor is a smoke screen to hide the connection to JPM.
Bucket 1 settlement is done and the yest will be done in the Spring for Bucket 2 JMO
Update: Wall Street Braces For Roughly $1.5 Trillion In Further Borrowing Needs By Treasury -- MarketWatch
11:58 am ET October 27, 2023 (MarketWatch)
Print
Some big Wall Street banks are expecting next week's refunding announcement by the Treasury to reflect the government's large and ongoing borrowing needs.JPMorgan Chase (JPM) and Deutsche Bank (DB) estimate that Treasury will need to borrow roughly $1.5 trillion during the current fourth quarter and first quarter of 2024 -- on top of the $1 trillion estimated borrowing that took place in the third quarter. Jefferies (JEF) puts the number closer to $1.4 trillion.Treasury's heavy borrowing is one of the most important factors behind the recent, steep run-up in long-term yields, which reached their highest levels since 2007 last week. Since July, 10- BX:TMUBMUSD10Y and 30-year yields BX:TMUBMUSD30Y have each jumped by a full percentage point or more as traders fret over the onslaught of supply for Treasurys, the U.S. government's fiscal trajectory, and the risks of holding long-dated government debt to maturity."We do expect the Treasury to be responsive to the recent market move," said Deutsche Bank strategist Steven Zeng in a note.Deutsche Bank's forecast calls for a slight moderation of increases in 10- to 30-year maturities relative to the last refunding quarter. Still, Zeng said his bank expects Treasury to announce $749 billion of borrowing for the fourth quarter and $822 billion for the first quarter of 2024.Meanwhile, JPMorgan anticipates that Treasury will announce $800 billion in net marketable borrowing for the October-December period, and $698 billion for January-March of 2024, according to strategist Jay Barry and others. "Given this backdrop, Treasury's current auction schedule is insufficient to meet its prospective financing needs," the JPMorgan team wrote in a note this week. The "funding gap remains large in the coming years," even after last quarter's increases.
Not trying to be right Dork. Just want to find a flow of money that can be supplied and distributed 75/25 to participants All that are responsible for this theft will be responsble for thier share
My question after the Judge ruled to settle, How long will itake the cashier to send it
Reice Buchwald on 10/24/2023) Filed In Associated Cases: 1:11-md-02262-NRB, 1:11-cv-02613-NRB. (mml) Transmission to Finance Unit (Cashiers) for processing.
Just by funding FDIC and JPM for the 64 Bil of project west and 1.3 trillion of MBS's valued as our value.
MARKETWATCH
Wall Street braces for roughly $1.5 trillion in further borrowing needs by Treasury
Provided by Dow Jones
Oct 27, 2023 11:51 AM EDT
Some big Wall Street banks are expecting next week's refunding announcement by the Treasury to reflect the government's large and ongoing borrowing needs.JPMorgan Chase (JPM) and Deutsche Bank (DB) estimate that Treasury will need to borrow roughly $1.5 trillion during the current fourth quarter and first quarter of 2024 -- on top of the $1 trillion estimated
https://www.morningstar.com/news/marketwatch/20231027344/wall-street-braces-for-roughly-15-trillion-in-further-borrowing-needs-by-treasury?p2=%5EEQ%5Emedici%5E&prod=DS&cmpgn=medici&annot=false&sameTabLaunch=false&o=APN12174&installSource=other&browser=Chrome&darkMode=false&ueid=1e0f09e0-fc42-494d-a200-992a926e02a4&doi=2021-12-31
Look for these sealed documents tyo be released IMO
3843.[ORDER granting [3742] Letter Motion for Conference re: [3742] LETTER MOTION for Conference re: [3741] LETTER MOTION for Conference re: [3740] LETTER MOTION to Seal Defendant UBS AG's pre-motion letter seeking entry of protective order addressed to Judge Naomi Reice Buchwald. This Order has considered Plaintiffs' motion to seal portions of Plaintiffs' Request for Issuance of a Hague Convention Request for International Judicial Assistance to Take Testimony Overseas - Johnny Cameron, the proposed Letter of Request, and certain accompanying exhibits. The Court GRANTS Plaintiffs' motion. Plaintiffs are ordered to serve all Defendants named in this action with unredacted versions of the under seal filings. (Signed by Judge Naomi Reice Buchwald on 10/24/2023)](https://www.docketbird.com/court-cases/In-Re-Libor-Based-Financial-Instruments-Antitrust-Litigation/nysd-1:2011-md-02262)
https://www.docketbird.com/court-cases/In-Re-Libor-Based-Financial-Instruments-Antitrust-Litigation/nysd-1:2011-md-02262
Thank you Gary
"Seeing that 75-25 was something that makes me think that something is going to happen soon. :)"
https://www.docketbird.com/court-cases/In-Re-Libor-Based-Financial-Instruments-Antitrust-Litigation/nysd-1:2011-md-02262
Because it was a systematic breakdown all members envoved had a responsibility for its illegal taking.IMO
Your accusations of making things up is just wrong. This shows more your lack of character than mine just trying to connect the dots. The 75/25 in the doc is telling. You decide. Treating two sets of claims differently and having 39 banks being used to share the settlement is a global settlement. Everyone can decide for themselves and you are no importance to me.
I disgree with anyone who does not see this as our funds that should be used for P's 75% and U's 25%
The only 75%/25% distribution mentioned
Two groups added together:
Authorized Claimants
Revised- Timing eligible Clamants (Sealed)
"Timely Eligible Claims,"
and the Late But Otherwise Eligible Claims,
Remember the source will never define WMI as a fdic $$$$$ for escrow/Legacy $$$$ are moving for us. A source of our settlement IMO The list will not connect the dots. It does not but it is where the $ will be coming from the FDIC (30 Banks) to settle Bucket 1, project west, Ther will never be any depositions because of a settlemnet soon.
"840
10/24/2023
ORDER AUTHORIZING EXCHANGE-BASED PLAINTIFFS' MOTION FOR DISTRIBUTION OF CLASS ACTION SETTLEMENT FUNDS granting (849) Motion to Authorize in case 1:11-cv-02613-NRB; granting (3723) Motion to Authorize in case 1:11-md-02262-NRB. ORDERED, that the administrative determinations of A.B. Data to accept the Revised - Timely Eligible Claims, as set forth in Exhibit A of the Supplemental A.B. Data Declaration, and the Late But Otherwise Eligible Claims, as set forth in Exhibit B of the Supplemental A.B. Data Declaration, are adopted and said claims are hereby accepted, as further set forth. ORDERED, that the balance of the Settlement Funds, after deducting payments previously allowed or set forth herein, shall be distributed to the Authorized Claimants listed on Exhibits A and B of the A.B. Data Declaration under the court-approved Plan of Distribution in proportion to: (i) each Authorized Claimant's Recognized Net Loss as compared to the total Recognized Net Loss of all accepted claimants and multiplied by 75% of the amount of the Net Settlement Funds; and/or (ii) each Authorized Claimant's Recognized Net Volume as compared to the total Recognized Net Volume of all accepted claimants and multiplied by 25% of the amount of the Net Settlement Funds, as shown on such printout; and it is further ORDERED, that any Authorized Claimant whose pro rata Distribution Amount is greater than $0 and $19.99 or less shall receive a minimum payment of $20.00 (the "Minimum Payment") in the Initial Distribution and will not be eligible to receive any further distribution from the Net Settlement Funds; and it is further ORDERED, that after excluding Authorized Claimants who will receive the Minimum Payment, any Authorized Claimant whose Distribution Amount recalculates to $20.00 or more and less than $10,000.00 will receive their full pro rata Distribution Amount in the Initial Distribution and will not be eligible to receive any further distribution from the Net Settlement Funds; and it is further ORDERED, that 90% of the remaining balance of the Net Settlement Funds will be distributed pro rata to Authorized Claimants whose Distribution Amount calculates to $10,000.00 or more, with the remaining 10% of the Net Settlement Funds held in reserve; and it is further ORDERED, that after payments of any additional fees and expenses incurred in connection with administering the Settlements, estimated taxes, the costs of preparing appropriate tax returns, any escrow and administrative fees, and any claims administration-related contingencies, and the reserve is not depleted, following consultation with Class Counsel, in a reasonable amount of time after the Initial Distribution, A.B. Data will conduct a Second Distribution to Authorized Claimants (i) whose pro rata Distribution Amount in the Initial Distribution calculated to $10,000.00 or more, (ii) who cashed their first distribution check, and (iii) who would receive at least $10.00 from such distribution based on their pro rata share of the remaining funds, as further set forth. ORDERED, that this Order shall not release any claim by Exchange-Based Plaintiffs against the Claims Administrator with respect to distributions, if any, if later discovered to have been made not substantially in accordance with the Stipulations, the Plan of Distribution, or any order of the Court; and it is further ORDERED, that A.B. Data's request for payment of its estimate for the distributions as set forth above in the amount of $44,945.93, is approved; and it is further ORDERED, that A.B. Data is permitted to destroy paper and electronic copies of the Claims and all supporting documentation one year after all funds from these Settlements have been distributed, and the Action has finally terminated; and it is further ORDERED, that this Court retains jurisdiction over any further application or matter which may arise in connection with this Action. IT IS SO ORDERED. (Signed by Judge Naomi Reice Buchwald on 10/24/2023) Filed In Associated Cases: 1:11-md-02262-NRB, 1:11-cv-02613-NRB. (mml) Transmission to Finance Unit (Cashiers) for processing.
Remember the source will never define WMI as a fdic $$$$$ for escrow/Legacy $$$$ are moving for us. A source of our settlement IMO The list will not connect the dots. It does not but it is where the $ will be coming from the FDIC (30 Banks) to settle Bucket 1, project west, Ther will never be any depositions because of a settlemnet soon.
Remember the source will never define WMI as a fdic $$$$$ for escrow/Legacy $$$$ are moving for us. A source of our settlement IMO The list will not connect the dots. It does not but it is where the $ will be coming from the FDIC (30 Banks) to settle Bucket 1, project west, Ther will never be any depositions because of a settlemnet soon.
Thanks Split, Remember the source will never define WMI as a fdic $$$$$ for escrow/Legacy $$$$ are moving for us as a source of our settlement IMO The list will not connect the dots.
No read carefully above is authorized