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Totally Wrong zulual.
The UW are Series R P's holders.
In Plan 6 Class 20 was the P's and K's. Class 19 was only TPS REIT Series.
The UW entered into a Stipulation with the Debtor for their claim in Plan 6 that was modified due to changes created with Plan 7 as all Class 20 was moved into Class 19 with TPS REITs. Which is where the P's and K's are now.
LP, May I.
There are three different escrow tracking markers in Class 19.
Class 19;
TPS.
P's.
K's.
The TPS are associated with the REIT Series HELOC.
The P's are associated with the Preferred Funding Trusts.
The K's are preferred debt.
No stoxjock, Read Doc #10666.
Court Docket: #10666
Document Name: Eighty-Third Omnibus (Substantive) Objection of WMI Liquidating Trust to Proofs of Claim Filed by Morgan Stanley & Co, Inc., Goldman, Sachs & Co., Credit Suisse Securities (USA) LLC, and Other Underwriter Defendants (Claim Nos. 3935, 4045, 4046, 4047) Asserting Claims for Indemnification Relating to Securities Litigation(Note: This document is 10.1 MB. Depending on the speed of your internet connection, download of this document may take several minutes.)
Date Filed: 9/14/2012
http://www.kccllc.net/wamu/document/0812229120914000000000006
Plan 6 Class 18 claim for $24MM.
Plan 6 Class 20 claim for $72MM.
Plan 7 Class 18 was dropped.
Plan 7 Class 20 was moved to Class19.
There is No AG Appeal.
"Upon the request of a Judge or a mediator, counsel shall supply paper copies of the designated record."
Let just say Judge Richard G. Andrews is the hearer of any mediation.
Now, "In accordance with the Standing Order of the Court dated September 11, 2012, this case shall be referred to a United States Magistrate Judge to determine the appropriateness of mediation. Briefing will be deferred."
Alice's appeal was denied. Appeals are not heard in mediation, but cost of litigation is.
Court Docket: #12621
Document Name: Order for Admission Pro Hac Vice of Michael A. Rosenthal to Represent Morgan Stanley & Co., Inc., Goldman, Sachs & Co., and Credit Suisse Securities (USA) LLC,
Date Filed: 4/25/2019
Related Documents [1]
12614
Court Docket: #12622
Document Name: Order for Admission Pro Hac Vice of Alan Moskowitz to Represent Morgan Stanley & Co., Inc., Goldman, Sachs & Co., and Credit Suisse Securities (USA) LLC
Date Filed: 4/25/2019
Related Documents [1]
12615
Both filed after Alice's Objection was denied.
No Docsavag, UW was in Class 20,
in Plan 6, and had a $24MM class 18 claim for expenses as UW's.
Class 20 was moved into Class 19, and UW dropped their Class 18 claim with Plan 7.
UW owned P's as underwriters for the offering.
Alice is just plain wrong. Manufactured issue.
judge richard andrews and alice griffin.
and no hits.
https://www.bing.com/search?q=judge%20richard%20andrews%20and%20alice%20griffin&qs=n&form=QBRE&sp=-1&pq=judge%20richard%20andrews%20and%20alice%20griffin&sc=0-39&sk=&cvid=975505BB3878493ABE1D231B8064DD34
link..
BS0b, Provide the Link.
or total BS.
NOW !
Name them.
BB0b, List the Three Judge Panel.
Link.
I like to read the filings myself.
Give Us the Link BBob.
Provide the link.
You said a Judges name in a different post, who is it?
John A. Cerino Clerk of Court
Link..
After Hours Volume: 99,672.
After Hours High: $ 9.0699 (16:45:15 PM)
After Hours Low: $ 9.05 (16:00:05 PM)
https://www.nasdaq.com/symbol/coop/after-hours
Any One Have the Link for Alice's Current,
tantrum status.
TIA.
BB0b, Because YOUR P's and K's,
Prospectus was canceled as YOU and Others say, therefore YOUR claim against the WMI estate was removed with the cancelation of YOUR P's and K's prospectus.
Please provide the link for, and who is WE?
meat, You Don't Understand,
510(b).
What in Class 18 needs to be paid?
MARTA and TMF are 510(b).
Wrong Again BB0b, Briefing will be deferred.
This is all the longer this Doc is. It should be easy to read.
"In accordance with the Standing Order of the Court dated September 11, 2012, this case shall be referred to a United States Magistrate Judge to determine the appropriateness of mediation. Briefing will be deferred.
Documents prepared for mediation shall be submitted directly to the mediator and should not be filed with the Clerk’s Office. Any attorneys of record who are not members of the Bar of this Court shall associate with local counsel in accordance with District of Delaware Local Rule 83.5. Upon the request of a Judge or a mediator, counsel shall supply paper copies of the designated record. "
http://www.kccllc.net/wamu/document/0812229190429000000000004
The Judge or a mediator is going to explain to Alice that there is no problems with either the Plan 6 510(b) stipulation nor the Plan 7 Class 19 Stipulation. The parties of the Plan 6 510(b) stipulation had the right to modify their Stipulation. It's in the 510(b) stipulation.
Alice is wrong on all 10 of her points (a thru j), and filed in the wrong court. Alice is going to have to hire counsel to have this explained to her. There are no errors by the Court.
http://www.kccllc.net/wamu/document/0812229190511000000000001
meat, You Don't Understand,
510(b).
and Yes, WMCT was due to distribute on May 1st if the docket remained clear of claims/filings. It's in the WMCT prospectus, and active just like all the other prospectus.
Yes, Alice gummed-things-up.
The prospectus for the P's and K's was only canceled regarding the unreleased shareholders. Plan 7 Class 19 is still Plan 7 Class 19.
Not making any predictions doesn't make You right. If you better understood the process you would be more confident to make predictions based on process and prospectus.
MARTA will never be harmed. Therefore..
meat, 510(b).
Learn !
Wrong Again BB0b.
I have posted the language of the 510(b) Stipulation from Plan 6 many times. Modifications to the Class 19 Stipulation for Plan 7 did NOT require Court approval. The 510(b) Stipulation was Court approved.
Alice is TOTALLLY WRONG regarding the UW Stipulations. The UW own about 1% of the Preferred class, P's and K's. Own, NOT gifted.
Plan 6 510(b) Stipulation;
Class 19; TPS REITs.
Class 20; Preferred Series , P's and K's.
Plan 7 Class 19 Stipulation;
Class 19 and 20 became Pari passu. Therefore class 20 was moved into class 19, and class 20 became empty.
This is why the UW claim was moved from class 20 to class 19.
What are the Grounds for AG's Appeal?
In accordance with the Standing Order of the Court dated September 11, 2012, this case shall be referred to a United States Magistrate Judge to determine the appropriateness of mediation. Briefing will be deferred.
^^ Please read this again. ^^
Did you read "Standing Order of the Court dated September 11, 2012"?
Alice does not have grounds to appeal ! Thats why she was sent to "United States Magistrate Judge to determine the appropriateness of mediation". The Magistrate will explain to Alice her errors. Making a poor argument in Court is NOT grounds for an appeal. What was the Courts error? There wasn't one! Alice lost because she was wrong about the Stipulations.
Alice has keep us from receiving a distribution on May 1st, and You are aiding and abetting her with these delays of distributions to the rest of Us.
No BB0b,
Alice is talking to a "United States Magistrate Judge to determine the appropriateness of mediation." On the first floor.
AG is NOT in Appeals Court. On the third floor.
Alice needs more money because she can't be Pro Se anymore.
"Any attorneys of record who are not members of the Bar of this Court shall associate with local counsel in accordance with District of Delaware Local Rule 83.5. Upon the request of a Judge or a mediator, counsel shall supply paper copies of the designated record."
Alice's #12633 is filed in error. To the wrong Court, and filed Pro Se.
Did you read;
"In accordance with the Standing Order of the Court dated September 11, 2012"?
http://www.kccllc.net/wamu/document/0812229190429000000000004
Second, in contrast to FDIC proceedings,
bankruptcy cases are largely transparent. Today, all bankruptcy pleadings are filed electronically and are readily accessible to the public.
Bankruptcy hearings are open to the public and most courts allow parties in interest, including small creditors and shareholders, to appear and to listen telephonically, even to appear and make their case without the benefit of counsel, and many have done so successfully.
It is also important that the Bankruptcy Court provides a forum for negotiation and consensual resolution without the need for a contested hearing or trial, but with the assurance that a court is available if there is not consensus. In fact, plans of reorganization in Chapter 11 are premised largely on consensus and agreement.
Thanks Cents and Split for the discussion.
Yes BK is more transparent then the FDIC.
IMO, LIBOR Settlement Payments,
can follow on after "the Final Payment" for CIC to WMI from FDIC for "WMB and it's assets" because the FDIC can make intermediate payments without closing the receivership.
Class 18 is 510(b), and 510(b) is CIC and the freeing up of the FDIC held Safe Harbor ABS Trusts.
Doc #12499 was the clue that LIBOR and the WMB receivership was being wrapped-up. So yes, I think the LIBOR litigation issue is basically closed along with the receivership. Just awaiting payments.
LP, That is in Class 18?
Please list the active claims in class 18 not satisfied.
TIA.
Raju, The Problem Was Solved,
very easily by having WMI become a willing seller of WMB. That made FDIC a broker, rather than a seizer.
..and JPM has been paying for the WMB branch leases the whole time and into the indefinite future.
Class 19 has a Claim Against the Estate.
IMO, The REITs are to be paid by the Trusts that the REITs invested in. The REITs were $1MM Notes and only available to Accredited Investors. Remember Plan 6, Class 19? The REITs were HELC which generally have a 10 year life span. So the REITs are all cash, and their claim is covered.
P's and K's were Class 20 in Plan 6 because this class was for non-Accredited Investors status purchases.
P's are associated with a mixture of Securitizations placed into the Trusts. Some are commercial Leases, therefore perpetual, but non-accumulating. Same story; the Trusts have the money to 'perpetually' pay the P's.
K's are redeemable. Same story; the Trusts have the money to pay the K's.
If the associated Trusts can't meet the obligations above, then WMCT 2001 will satisfy the remainder of their claim.
Raju, "In its capacity as creditor, .. 5AT".
WMI is a Creditor to WMB.
Therefore many of WMB's liabilities are to WMI.
#5885, PDF 3/15, FN 2;
"In its capacity as creditor, .. 5AT".
http://www.kccllc.net/wamu/document/0812229101112000000000029
WMI sued the FDIC for $305 Billion for "WMB and it's assets". Then came the GSA.
Here is a fun one for you;
WMCT 2001 is Private (own by WMI) and contains Corporate Leases.
Don't know for sure yet, but the WMCT 2001 may contain the WMB branch leases now being paid by JPM to WMI via the 365 Sale in Plan 7. WMCT 2001 is a living will trust for WMI's common shares holders with a large enough base to cover all WMI creditor obligations. Posit that! Yes, I'm suggesting that JPM is paying WMI for those WMB branch location leases.
We always wondered where the Brick and Mortar was. When it's in a foreign Trust, it's not reported in SEC Docs
From the DS;
Footnote for both H.S. Home Loan and Citation.
"JPM will pay WMI for WMB notes".
meat, WMI is a Creditor to WMB.
Therefore WMB's liabilities are to WMI.
#5885, PDF 3/15, FN 2;
"In its capacity as creditor, .. 5AT".
http://www.kccllc.net/wamu/document/0812229101112000000000029
WMI sued the FDIC for $305 Billion for "WMB and it's assets". Then came the GSA.
Like I said; Just because You can't find it doesn't mean it doesn't exist.
Just Because You Can't,
or won't look to find it, doesn't mean it does not happen. And I don't need to prove it for You.
For the record; the symbol change happened back around 2013. I was watching.
Raju, You Don't Own Any WMB (WAMU) Stock.
WMI owns that One Share of WMB (WAMU). The 'Equity Interest' of WMB was abandoned to the FDIC. You own shares in WMI.
WMI is a Holding Company, not a Bank Holding Company (depository institution holding company) and the reason why this was a 5AT and not a true seizure. WMI sued the FDIC for $305 Billion regarding "WMB and it's assets". WMI then became a 'willing seller' of WMB on our terms. When "the Final Payment" to WMI from the FDIC for "WMB and it's assets" happens, then that One share of WMB owned by WMI will become inactive. When the payment is made, we will see if "Willful Misconduct" was enforced.
All WMB Notes have JPM symbols. Therefore the WMB Notes are NOT a claim against the Estate. The FDIC is only using their 'house' terminology to describe their actions. Like 'the failed bank' or 'WAMU failed'. This FDIC response proves their canned 'house' terminology. Oops 5AT.
LP, Your ESC Tracking Markers,
will out live you. Your ESC Tracking Markers will out live the BK.
Your ESC Tracking Markers are in your brokerage account, not in the BK account.
Goodie, You are Using the Wrong Formula.
K's can be redeemed.
P's and TPS can be reissued new preferred shares at what ever face value and quantity COOP desires to make the math work. This has nothing to do with 75/25%. This has to do with value associated with related Trusts.
The important part to note is S4V is priced-in for the event at this time.
COOP's PE and PB Have Priced-in,
the Shares for Value event.
Trailing P/E 0.52
Book Value Per Share (mrq) 19.39
Shares Outstanding 91.04MM
https://finance.yahoo.com/quote/COOP/key-statistics?p=COOP
300MM shares authorized.
1.215B Released UQs divided by 12 is .10125B or 101.250MM new COOP shares for old released Commons using a one-for-one exchange.
Same exercise for the Preferred shares.
You can see the numbers are working. When they do it, it will be prefect. COOP's PPS has been around $9.15 for four days now.
WMCT 2001 Trust Was NOT Recognized by the Court.
WMI was Recognized by the Court and WMIIC was joined procedurally only.
The Debtor does not have to tell you about all their property, just enough to pay the creditors.
LP, Put Your ESC Tracking Markers,
in a Living Will for generations to come.
Some of the ABS Trusts are full of Commercial Leases. Commercial Leases are normally written for 99 years, and then renewed.
Don't know for sure yet, but the WMCT 2001 may contain the WMB branch leases now being paid by JPM to WMI. The 365 Sale in Plan 7. WMCT 2001 is a living will trust for WMI's common shares holders with a large enough base to cover all WMI obligations. Posit that!
We always wondered where the Brick and Mortar was. When it's in a foreign Trust, it's not reported in SEC Docs.
Yes, Accredited Investors Can Own,
P's K's and U's.
But you and I as Retail investors can't buy the REITs or Bonds as Senior creditor status, only as Junior creditor status.
The difference between Senior and Junior Notes/Bonds is who is the buyer and their status as an Accredited Investor. Yes or No.
When an Accredited Investor buys Bonds as an Accredited Investor, their purchase is Senior creditor status.
When an Accredited Investor buys P's K's and U's as an Accredited Investor, their purchase is just like ours. The P's K's and U's offering was on the secondary market for all class of investors.
Example; There is no Senior creditor status distinction for common shares.
Ask your broker about Accredited Investor criteria.
We were almost there as Accredited Investors on May 1st, but...
clawmann, "Retained Asset Component".
Have you read the First first filing?
BK #28, not #29.
Maybe Stew can help you out.
If the Prospectus was Cancelled,
as some say. Then you don't get anything ever!
The Prospectus is your right to having a claim. That claim was put into a Class based on type of security.
The Ps are non-accumulating and Perpetual. Non-accumulating means we don't get back interest, but the Ps are associated with performing ABS Trusts. The performing ABS Trusts is how we are compensated due to non dividend payments.
No one is going to be 'short-changed' because the Money is there. Wow, we might have have our first big distribution on May 1st from the WMCT 2001 if Alice had not gummed-things-up. WMCT 2001 was due to distribute on May 1st because all equity claim were closed on the morning of 3-22. Alice filed later in the same day. WMCT 2001 uses the same distribution clock as WMILT.
Hint; Plan 7 Class 19 is backed by $10B-#13B in ABS securities for a $7.5B obligation. Here might even be some pool of other funds that are 75/25%, but 75/25% is NOT Global.
The Prospectus was only Cancelled for non-releasing holders.
No Denny.
Understand Plan 6 and Participate in Plan 7 because Plan 6 created the foundation Exhibit H for where 510(b) paid into and that was adjusted for Plan 7.
? Now why is Exhibit H and 510(b) so important?
ALL Ps and Ks Were in Class 20,
in Plan 6.
From Plan 6;
4.18 Class 18 Subordinated Claims...33
4.19 Class 19 REIT Series...33
4.20 Class 20 Preferred Equity Interests...33 *
4.21 Class 21 Dime Warrants....33
4.22 Class 22 Common Equity Interests...33
http://www.kccllc.net/wamu/document/0812229101025000000000008
* This is the Ps and Ks purchased on the secondary market. Plan 6 was to stop in Class 19 REIT Series of Accredited Investors and not pay into Class 20. The UW were at risk in Plan 6 just like us.
Only Accredited Investors could buy the REIT Series.
Plan 7 made all Preferred shares of Class 19 REIT Series and Class 20 Preferred Equity Interests Pari passu (ranking equally), and became Class 19 and Class 20 is now empty (without Claims).
The March 2013 Stipulation just cleaned up the Class 20 claims from the 510(b) Stipulation and removed the UW Class 18 claims.
Excellent Housekeeping Special K, WMILT Trustee.
UW Joinder;
11. After the filing of the Eighty-Third Omnibus Objection, and prior to the Underwriters’ deadline to respond thereto, WMILT and the Underwriters engaged in good faith, arms’ length negotiations to consensually resolve the Subordinated Claims and the Eighty-Third Omnibus Objection. As a result of those negotiations, on March 28, 2013, WMILT and the Underwriters entered into a valid and binding stipulation (the “March 2013 Stipulation”), pursuant to which the parties agreed to the following treatment of the Subordinated Claims: (a) the Class 18 Claims, in the amount of approximately $24 million, were disallowed with prejudice in their entirety and (b) the Class 19 Claims were allowed in the amount of $71,953,530.09 and treated in accordance with Section 23.1 of the Plan. FN 4.
Footnote 4;
While the March 2013 Stipulation contained a provision regarding Court approval, such provision was subsequently waived by the parties given that Section 6.2 of the Liquidating Trust Agreement obviated the need for approval by the Court.
Can Someone Please Post Closing PPS.
and volume.
TIA.
Docketing Record on Appeal to District Court.
Court Docket: #12629 Email
Document Name: Notice of Docketing Record on Appeal to District Court. Civil Action Number: 19-775 ; BAP Number: 19-27 (related document(s)[12624], [12626]) (JS)
Date Filed: 4/29/2019
http://www.kccllc.net/wamu/document/0812229190429000000000004