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Re: ron_66271 post# 578229

Monday, 06/10/2019 3:04:21 PM

Monday, June 10, 2019 3:04:21 PM

Post# of 749756
ron, even though JPM received their monies as did DB, are you implying there is more that has not been settled within Globic?

Under its terms, the FDIC-JPMC-DBNTC settlement became effective only if DBNTC obtained court approval of the settlement. On June 30, 2017, the Superior Court of Orange County, California entered an order approving the settlement, and that order became final and unappealable on September 5, 2017. Under the settlement agreement, in exchange for releases from JPMC and DBNTC, the Receiver paid JPMC $645 million and issued DBNTC an allowed unsecured receivership claim of $3,006,929,600 on September 8, 2017. The DBNTC-JPMC-FDIC Settlement agreement can be found at this link: DBNTC-JPMC-FDIC Settlement agreement - PDF.


https://www.fdic.gov/bank/individual/failed/wamu-settlement.html






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