Escrow Cusips will indeed be cancelled by the LT since they were created only for the purpose of distributing shares held in the DEE. The WMILT released multiple PR's and other announcements explaining the purpose of Escrow Cusips...were they lying or are you again mistaken??? Yes, Cusips were issued to identify each claimant but only Equity were issued Escrow Cusips. Doubling and tripling down on incorrect info will not somehow make it accurate.
EDIT: Ahhh...no they don't, this is just your incorrect opinion back by ZERO facts. Here's my proof, where's yours, citing the DS means nothing, it's a large document. FACTS MATTER!!!
WMI LIQUIDATING TRUST ISSUES STATEMENT ON ESCROW CUSIPS
SEATTLE, March 16, 2017 – WMI Liquidating Trust (the “Trust”), formed pursuant to the confirmed Seventh Amended Joint Plan of Affiliated Debtors under Chapter 11 of the United States Bankruptcy Code (as modified, the “Plan”) of Washington Mutual, Inc. (“WMI”), today issued a statement regarding certain Escrow CUSIPs issued to eligible former shareholders of WMI. Eligible former shareholders are those who timely submitted relevant documentation, including the release required under Section 41.6 of the Plan.
The Trust has received inquiries regarding the status of “Escrow CUSIPs” issued on the Effective Date in accordance with the Plan. As has been stated in the past, such Escrow CUSIPs were issued solely to facilitate potential future distributions, if any, to eligible former shareholders of WMI if Claims involving Disputed Equity Interests are disallowed.
By way of background, as of the Effective Date of the Plan, the Depository Trust Company (“DTC”) established and maintains positions in the aforementioned Escrow CUSIPs. These Escrow CUSIPs represent nominees’ positions that would be used to make future distributions, if any, of common stock issued by WMIH Corp. (formerly known as WMI Holdings Corp. (“WMIHC”)). Pursuant to the Plan, such shares of WMIHC’s common stock were deposited in the Disputed Equity Escrow established in accordance with the Plan and are to be maintained in the Disputed Equity Escrow until such time as Claims involving Disputed Equity Interests are either allowed or disallowed.
"MEGA BILLIONS CREW" non-member
