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Thursday, May 21, 2015 2:44:42 PM
JPM may have a different agenda. It may argue that Walrath has effectively snuffed out the LTW thru BK. Therefore, all the proceeds go to JPM
WMIH may argue that 54 million DIMEQs were tendered to it in exchage for WMIH shares and, therefore, IT is the successor to the former rights of DIMEQ.
AS per Anchor ruling, 15% of gross go to JPM (successor to WAMU Bank). The Law firm of JONES DAY gets $30+/- for ushering this beast since 1995. The net 85% goes to whoever inherited the Anchor Award rights. By all rights it belongs to the remaining DIMEQ holders who never acceded to Walrath's dictum and kept their rights according to the 7th Amended POS.
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