Sunday, September 27, 2015 6:10:44 PM
Last I checked (around March of 2015), there were around $50 million left in employee claims that needs to be settled or disallowed. That amount also doesn't include PIERS claims (should be the final payment around $50 million - a PIERS holder can chime in on this one).
The most recent employee claim to be settled or disallowed is the claim by Hussain Kareem which the Trust is trying to get disallowed because it violates the bar date and confirmation order. Court dates for other employee claims are scheduled well into the year 2016. So expect WMILT existence until end of year 2017 unless court dates get rescheduled (which historically has happened, frequently).
Tranches 2-5 needs to be paid off in full before Tranche 6 begins to see money.
Tranche 4 is PIERS
Tranche 6 is Class 19 and Class 22.
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