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Thursday, July 19, 2018 4:55:56 PM
"As stated above, the Escrow CUSIPS were established solely to facilitate potential distributions, if any, of shares of Reorganized WMI common stock. The only source of common stock available for any such a distribution would be from the 1.5 million of shares remaining on deposit in the Disputed Equity Escrow. Specifically, the Escrow CUSIPS do not, in and of themselves, represent an entitlement to any possible future cash distributions from the Trust, 7 Reorganized WMI or the Federal Deposit Insurance Corporation (either in its corporate capacity or as the receiver for Washington Mutual Bank), as the case may be."
Recent COOP News
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