FM, for PIERS which got paid about 50M-100M (I don't remember how much), all payment and LTI statements came from KCC. KCC acts like the trust.
Case in point. I have an LTI statement right in front of me. It says that the sender is "WMI Liquidation Trust". Inside the envelope, there is an LTI statement signed by William Kosturos.
But everything came from KCC and KCC handled everything.
I know this because I called them to ask about the tax because they filed the tax ahead of the money that I received. But I got a robot answer because they know nothing.
Don't tell me that PIERS is handled differently than escrow. It is exactly 100% the same. You get paid after you get an LTI statement.
And PIERS is not impaired like some people alleged and you get more than 300% return in 3 years.
P.S. Good luck proving to KCC or the trust if you don't receive your check.