Saturday, January 05, 2019 12:05:35 PM
Doc #12573, #12574, #12576, #12577, #12578 are supplemental filings for claims. Doc #12575 is a joinder.
Tabulation of all Ex-Employee Claims and the documented Attorney Fees are as followed:
Take note, not all the Attorney Fees were tabulated within the Documents filed.
Ex-Employee Claims without Legal Fees = $22,003,047.24
Legal Fees above = $3,121,194.19
All Total including Legal Fees above = $25,124,241.43
WMILT DCR a/o 9-30-18 = $67,991,094.00
Total Disallowed Golden Parachute Claims = $42,866,852.57
WMILT Total Assets as of 9-30-18 = $87,606,833.00
Total DCR cut out after Disallowed Golden Parachute Claims = $62,482,591.57
Total PIERS (Class 16) as of 9-30-18 = $50,642,797.00
Total Left over after Class 16 is satisfied = $11,839,794.57
__________________
IMO...My conclusions as of January 05, 2019:
1) The supplemental filings above did not dispute the disallowance of the "Golden Parachute" claims, therefore Judge Walrath's October 16, 2018 bench ruling regarding the disallowance of the "Golden Parachute" claims will be final once she signs the revised order.
2) The adjusted DCR will take into consideration the numbers that were filed by the Ex-employee Claimants above.
3) After the cut out of the adjusted DCR is completed, there will be plenty of money to pay off the PIERS (Class 16) claims and there will be $11,839,794.57 left to pay other claims other than Class 16.
4) We are now just waiting for Rosen's objection to the above numbers that were filed yesterday and Judge Walrath will make the final determination on the adjusted DCR cut out figure.
5) After Judge Walrath makes the disallowance of the "Golden Parachute" claims final, then the FDIC can proceed with closing the Receivership!
6) The approximate "surviving claims" = $25,124,241.43 which includes the unknown Vested Equity Interests
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