Jeez, It wasn't a hoax. It was a message to the judge and everyone that the end is near - and that he, Rosen, is serious about finally pushing the last bit of the WAMU elephant's rear out the door for the last time.
Rosen isn't like trump, who dictates by executive order. Rosen has a judge to get through, her court to get through, remaining employee claimants attorneys to get through, and actual rule of law to abide by.
I'm overjoyed to see Rosen finally trying to close this up. He wouldn't have mentioned the November possibility, if it wasn't possible at all.
Rosen's gotta knock a few dominoes down before we get where we want, and where the court needs us to be. These judicial placeholders preserved 'proof of life' in this bankruptcy court, and have now been announced and ruled on for elimination....and the closing of the 2 bankruptcies!!. This heat seeking missile is on its final target.
By the way, when/if you read the court filings, did you catch that elimination of the employee claims not only leaves the "surviving claims" intact.....but it also references preserving any legacy stock interests due to them? This tells me not only do the employee claimants believe that releasing for escrow markers was worth doing....but more importantly...... it must be worth something to fight for.
If the employee claimants legacy stock options were not designated as "surviving claims"........then they'd most likely be released back to the DCR for 75/25 WMILT distributions to the rest of us.
Point being, if its not clear yet......the very people that ran this massive WAMU enterprise, know what legacy value is there.......and they have fought tooth and nail to the last second.......to make sure their "surviving claims" include legacy stock interests due to them, are protected. Legacy escrow interests for those who released are not trivial or worthless.
