When Judge Block stated in his final Opinion that the LTWs were trading on the NASDAQ when JPMC " acquired them " I think he is meaning that JPMC also acquired the obligations to the LTW Holders - who owned the LTWs.
The LTWs were registered to and owned by the LTW Holders and not WMI, and so I don't think the FDIC could legally transfer ownership of the LTWs under the PAA to JPMC if WMI did not actually own the LTWs.
I suppose that WMI could assign ownership of the LTWs - of the Holders who opted in and exchanged theIr LTWs for WMIH - to JPMC.
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