~ Yes The Information You Received From “Peter Walsh” Is Accurate ~
===========================
He answered: "The treatment on account of Class 17A claims was paid shortly after the effective date of the plan in March 2012. Per the Plan, Class 17B was not to receive any treatment and it’s my understanding those notes remained outstanding."
In your opinion, is this statement correct?
Greetings from Germany
MaPi
===========================
The WMB EuroNote Holders (the WMB European Issued Securitized Trusts, Accredited Investors) were litigating during WMI’s Bankruptcy Process going on In Delaware ... this ongoing litigation is referred to as the referenced dual track In D.C. (Judge Collier’s Court) ... a portion of the WMI Approved Plan 7 being implemented settlement, was WMI’s need to settle with the WMB NoteHolders (Class 17(a), for their fees and expenses needing to be paid while they found it necessary to litigate, due to WMI’s wrongful seizure and ultimate bankruptcy filing ...
Plan 7’s Settled Implementation allowed for the Class 17(a) EuroNote Holders Accredited Investors, to receive LTI’s, issued by the WMI-LT, in receipt of their recovery of fees and expenses plus a holdback amount ...
Class 17(b) are a direct derivative of the very same financial products, only made available to purchasers on the Secondary Market through individual Brokers, Banks, Fund Offerings, etc., ... So the Class 17(a) Accredited Investors were the litigators, while the Class 17(b)’ holders were unable to individually litigate ...
At Plan 7’s Implementation, The WMI-LT’s issuing of the LTI’s and subsequent payments made to the Class 17(a)’s, as well as the legal reasoning and process was revealed in a properly filed 8-K ...
AZ
