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Post# of 732863
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ora123

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ora123

Re: bkshadow post# 444109

Tuesday, 01/19/2016 5:57:56 PM

Tuesday, January 19, 2016 5:57:56 PM

Post# of 732863

"On February 24, 2012, the Bankruptcy Court entered an order confirming the seventh amended plan - PDF proposed by WMI and its co-debtor WMI Investment Corp (the "Plan"). The Settlement - PDF, as amended from time to time, remains integral to and incorporated in the Plan. The Plan and Settlement became effective on March 19, 2012. The Receiver received $843.9 million pursuant to the terms of the Settlement."
BK can you explain the settlement of 843.9 Mil?
link
https://www.fdic.gov/bank/individual/failed/wamu_settlement.html
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