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Wednesday, December 12, 2018 1:42:30 PM
Dear WMI-LT
Why is it taking so long for WMI Liquidating Trust to act on court approved orders?????
WMI-LT’s ... “Trustee” ...The requested “Proposed Order” Is Approved ... get that "Trustee" to use the Approved Plans allowances per 26.3(a), and adjust that DCR, and get Tranche 4 Paid Off ... as was Filed' and now has been Approved by the Court
Let’s get that “Washington Mutual Capital Trust 2001” Released into its "Liquidation Preference"
Now that the disputed claim holdback has been adjusted WMI-LT has funds to make payment in full to Class 16 & complete Tranche 4 as the court directed.
This Employee claim has gone on way too long, and we should NOT pay any legal fees to employee council. After the CIC is complete they the Employees can get their Golden Parachute payments from the party that this claim should have been directed too – JPM. They are mostly WMB employees and JPM owns that, but has yet to pay for it in full.
This case has always been a major fraud, fifth amendment taking cover-up by FDIC and JPMC, and counsel knows it.
Who is holding this up? My guess is Brian Rosen as he needs to delay more for all his legal fees.
This Liquidating Trust need to now act!
From Court Docket # 12563 Filed 11/19/2018
http://www.kccllc.net/wamu/document/0812229181119000000000001
1. The WMILT Motion is GRANTED to the extent provided herein.
2. The Claimants’ Motion is DENIED.
6. Except with respect to the Surviving Claims, WMILT is authorized to release and distribute such Cash and Liquidating Trust Interests held in the Disputed Claims Reserve on behalf of the Claims in accordance with the provisions of the Plan.
8. With respect to the Surviving Claims, WMILT shall be permitted to adjust the disputed claim holdback, pursuant to Section 26.3(a) of the Plan, such that the holdback for each of the Claimants holding any of the Surviving Claims shall be equal to the Section 502(b)(7) cap previously imposed by the Court for such Claimant.
'WMITrust@kccllc.com'
'chad.smith@wamuinc.net'; 'bkosturos@alvarezandmarsal.com'; 'brosen@proskauer.Com'
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