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Re: stoxjock post# 540680

Tuesday, 10/09/2018 6:33:26 AM

Tuesday, October 09, 2018 6:33:26 AM

Post# of 730494
WMIH is not the "Successor" of WMI in terms of any interests in existing assets. They are the reorganized WMI,...a new and separate entity with different owners from the former parent company.



Quote: "WMI Liquidating Trust (“WMILT” or the “Trust”), as successor in interest to Washington Mutual, Inc. (“WMI”) and WMI Investment Corp. (“WMIIC”), formerly debtors and debtors in possession (collectively, the “Debtors”)2, files this motion (the “Motion”) for an order (a) granting WMILT’s Omnibus Objections, as defined below,"



Successor in Interest Law and Legal Definition. The term successor in interest means a successor to another's interest in property, especially a successor in ownership of a business that is carried on and controlled substantially as it was before the transfer.

25.2 Cancellation of Common Equity Interests:.., on the Effective Date, all Common Equity Interests shall be deemed extinguished and the certificates and all other documents shall be deemed cancelled.

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