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Re: bkshadow post# 411158

Tuesday, 12/30/2014 12:59:16 PM

Tuesday, December 30, 2014 12:59:16 PM

Post# of 730705
bkshadow, this is still my favorite document

https://www.kccllc.net/wamu/document/0812229120316000000000016

provided, however, for the avoidance of doubt, WMI and its chapter 11 estate do not hereby withdraw or release any claims asserted by WMI as a creditor of WMB against FDIC, in its capacity as receiver for WMB or in its corporate capacity, on account of WMI's status as a creditor, and do not withdraw or release any rights under the Global Settlement Agreement...



It is from March 16, 2012!!!
Why should they state that WMI is still "creditor" on that date????

What you say...

Pursuant to the Global Settlement Agreement, on the effective date thereof (which will also be the effective date of the Plan), the Debtors will be barred from pursuing the litigation pending in the D. C. Court, as part of the general release of the Debtors' claims against the FDIC



...may be correct, they will be barred from pursuing the litigation pending in the D. C. Court. But the only purpose here is to reaffirm that WMI is STILL creditor of WMB/FDIC-R IMO
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