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Re: tanjazielman post# 439617

Tuesday, 10/27/2015 1:05:52 PM

Tuesday, October 27, 2015 1:05:52 PM

Post# of 729941
Susman filed a D&O complaint in King County, WA in 10/14/2014. Why? I don't have a clue.

https://www.kccllc.net/wmitrust/document/8817600141015000000000002

WMILT Complaint in Delaware filed 03/15/2012.
http://www.kccllc.net/wamu/document/0812229120613000000000021

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http://dw.courts.wa.gov/index.cfm?fa=home.casesummary&crt_itl_nu=S17&casenumber=14-2-28048-3&searchtype=sName&token=1BA8EF9D01C9DCF5C2A376B4C102C5BC&dt=032EADB9C0F85B90EEC4F2DBE3FD16B6&courtClassCode=S&casekey=169082679&courtname=KING%20CO%20SUPERIOR%20CT

http://www.law360.com/articles/607516/wamu-trust-cuts-37m-deal-with-execs-over-bank-s-collapse

U.S. Bankruptcy Judge Mary F. Walrath approved the deal, which ends litigation in Washington state as well as a dispute in Bermuda with insurers who balked at picking up the defense tab for the former leadership. The settlement also hands former WMI CEO Kerry K. Killinger $7 million and a limited recovery for other former leaders over employment related claims...

The trustee is represented by Mark D. Collins, Paul N. Heath and Amanda R. Steele of Richards Layton & Finger PA and Brian S. Rosen of Weil Gotshal & Manges LLP.




End result? King County complaint in Washington being dismissed with prejudice on 7/17/15 and Susman billing for basically nothing.
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Note: No Susman listed on latest:

http://www.kccllc.net/wamu/document/0812229150715000000000002

On top of that, Susman is neither counsel nor co-counsel to any WMILT litigation or claims proceedings remaining. The much hated WEIL, GOTSHAL & MANGES LLP is. What's Susman Godfrey LLP doing? Not a thing besides charging for services and expenses for receiving faxes, mail and emails about WMILT activity and answering escrow holder questions. What they should do is file a "Request for Removal from Service List". The firm is milking the LT.
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