dsstlye1, this is what JPM filed with the Court. It is pretty damning and denies all assertions by LTW to any and all Awards.
But, I believe, that the filing is wrong,primarily because the BK Court knowingly kept the information that JPM was in possession of the Anchor litigation and not WMI,which was the subject of the BK trial. JPM stood silently by while lawyers were fighting over an asset that was not part of the BK. Therefore, any and all pronouncement made by the BK court are moot as it relates to LTWs.
There were secret meetings held between JPM, Hedge Funds, Judge Walrath, the FDIC, and WMI during the course of the trial which permitted the hedge funds to dump the LTW just before the ruling.
The conflict of interest and the fraudulent effort to disown the DIMEQ holders is still open.
In acknowledgement of defects in the final POR7, THJMW issued an order that permits the LTW to sue JPM when the so called "trigger" i.e. payment is made to JPM by the FDIC.
So, yes, you cold-showered the weekend thrill, and there will have to be additional lawsuits to clarify the issue.
