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Re: None

Tuesday, 10/17/2017 12:02:19 PM

Tuesday, October 17, 2017 12:02:19 PM

Post# of 727317
~ Reorganized WaMu (WMIH-Corp) Present Tense ? ~

I've just never been convinced that everyone, has truly taken the time over the last five plus years' since the Implementation of Plan 7 on (03/19/2012) ... to actually take a moment to review what they' ( ... We' ... ) are involved in' the "dual tracking" litigation at hand, and the financial enormity of it' ...

The WMB Noteholders, ... are' ... the ad-hoc, "Steering Committee" as they are referred to in March of 2016' as the "Settlement" occurred later the same year, in August 2016' ... now, as that "Settlement" requirements have all been completed' ...

There were the "Settlements" achieved in through mediation in the bankruptcy court' ... as well as' ... three additional lawsuits' ... again, now completed' ... (thankfully)

Added: ... Oh and for those that do not recognize for whatever reason ? ... the following text provided ? ... This is direct text from the Disclosure Statement

I surely hope that ... "everyone" ... at a minimum, class released as instructed to do (41.6) back in first quarter of 2012' ...

The Claims of the Debtors, JPMC, the FDIC Receiver and FDIC Corporate are the subject of myriad disputes in the Bankruptcy Court and three lawsuits in which the Creditors’ Committee and certain holders of funded indebtedness of WMB (collectively, the “WMB Notes Holders”) have either intervened or seek to intervene. The three lawsuits consist of (i) a lawsuit initiated by the Debtors in the United States District Court for the District of Columbia (the “D.C. District Court”) against the FDIC Receiver and FDIC Corporate (the “D.C. Action”) challenging the FDIC Receiver’s disallowance of the claim WMI asserted in WMB’s receivership and asserting various additional claims, in which JPMC has intervened, (ii) an adversary proceeding initiated by JPMC in the Bankruptcy Court against the Debtors and the FDIC (the “JPMC Adversary Proceeding”), in which the parties thereto have asserted various claims, and (iii) an adversary proceeding initiated by the Debtors in the Bankruptcy Court against JPMC (the “Turnover Action”) for turnover of in excess of $4 billion of the Debtors’ funds on deposit in accounts now held by JPMC (the “Disputed Accounts”), in which the FDIC Receiver has intervened.



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