I have corrected my errors in my posting of
Para. 29 of the Order approving the POR.
Thanks very much.
The COMPLAINT filed in the S. Ohio
District Court - on Pg. 14 - cites Pg 69,
Para. 29 of the Order approving the
POR - which clears the way for LTWs
to file claims against JPM.
49. Likewise, the Bankruptcy Plan itself
states that nothing in the GSA waives or
releases Defendant JPMorgan Chase Bank
“from any claims and causes of action
asserted or that could be asserted in the
Anchor [Savings] Litigation...or any
obligations of JPMC Bank pursuant to
the Purchase and Assumption Agreement....
Seventh Amended Bankruptcy Plan, p. 69;
Para. 29, Final Approval Order. This was
confirmed by the bankruptcy court judge
at the approval hearing of the GSA, where
she stated that the GSA “does not affect
any rights the Litigation Tracking Warrant
holders may have against JP Morgan
[JPMorgan Chase Bank].”
29. Non-Release of Certain Obligation.
Notwithstanding anything contained in the
Global Settlement Agreement or the Plan
to the contrary, nothing is intended to
release, nor shall it have the effect of
releasing, (a) the WMI Releasees (as
defined in the Global Settlement Agreement),
the JPMC Releasees (as defined in the
Global Settlement Agreement), or the
FDIC Parties from the performance of their
obligations in accordance with the Global
Settlement Agreement and the agreements
set forth on Schedule 3.1 (b) and 3.2 to the
Global Settlement Agreement and (b) any
Releasee (as defined in the Global Settlement
Agreement) or any Person, including, without
limitation, the United States of America, from
any claims and causes of action asserted or
that could be asserted in either the American
Savings Litigation or the Anchor Litigation......
