1) Full payment of ALLOWED Class 18 claims ($38.2M)
2) Settlement and/or dismissal of DISPUTED Class 18 claims ($200-$400M Marta claims, ~$15M in certain Class 17B claims)
3) Final decision/settlement of AG's objection
4) Debtors appeal for closure of bankruptcy
The CIC issue is IMO not real; ie, it's a made up theory.
Even if it was real, that is a separate issue between the FDIC and JPM, it has no bearing on our bankruptcy process.
If JPM pays more for WMB's assets, former WMI Equity can receive distributions directly from the FDIC, if sufficient funds are available (>$15.6B), since we are last in line in their "waterfall".
IF I'M WRONG I WILL HUMBLY APOLOGIZE, BUT IF I'M RIGHT...WILL YOU???