PDF Page 72 - "After the Petition Date, the Debtors were required to liquidate the $266 million of investments held by WMI Investment to comply with section 345(b) of the Bankruptcy Code, which governs investment requirements for bankrupt companies. The conversion of these assets to cash was disclosed in the Schedule of Cash Receipts and Disbursements included as part of the MORs filed with the Bankruptcy Court and the SEC with respect to November 2008 through December 2008, as “Cash Receipts” from the “Sale of Assets/Securities.”"
Those WMI Investments assets were sold ~early~ in the bankruptcy, cash into the coffers of the Estate --[color=red] documented in the subsequent MOR filings[/color] -- and disbursed as part of the POR/DS settlement.
...Catz
.... Please, just call me Catz ;) - - - - - {and the requisite, all IMHO, do your own due diligence, and make your own investments}