~ The WMI-LT Used “Colorable” Language, Quite A Lot ! ~
... and then it was twisted up ... and then twisted up again, ... A Lot ! ... strong words like “lie” don’t actually enter into the world of civil litigation ... civil litigation is about money, and who can get most of it ... the word “lie” belongs in grades K though 8’ ... after that ? ... it’s an individuals responsibility ...
... So, ... NO ... However, Were the WMI-LT’s Colorable Words, twisted or misunderstood ? ... obviously ... YES ... ain’t that right ? (“dont_b_kruel”) ... ? ... one of the tools that was used’ ...
I rest peacefully knowing we're in good company w/underwriters, hedge funds, etc. These guys don't like to lose. All thanks to our buddy getting us a seat at the table...
So once again, the LT is claiming
that they issued the escrows.......
"The foregoing notwithstanding, the so-called "Escrow Markers" or "Escrow CUSIPs" established by the Trust upon emergence from its Chapter 11 proceedings in March 2012 for purposes of facilitating the potential distribution of Reorganized WMI's common stock will continue to be maintained for the foreseeable future. As previously disclosed, however, former positions represented by such Escrow Markers or Escrow CUSIPs are not entitled to receive any distributions under the terms of the Plan and they do not, in and of themselves, represent an entitlement to any possible future distributions from the Trust, Reorganized WMI or the Federal Deposit Insurance Corporation (either in its corporate capacity or as the receiver for Washington Mutual Bank), as the case may be. As discussed above, no additional distributions of cash or equity will be made by the Trust subsequent to the Distribution, other than to one or more charities as contemplated by the Plan and Liquidating Trust Agreement.
While the Trust's affairs are being wound-down, the Trust will continue to maintain its website which can be found at www.wmitrust.com. Further, the Trust will continue to maintain the "Frequently Asked Questions" page on such website, including any updates thereto that may be deemed necessary or advisable by the Trust's management or administrators, as the case may be.
AND IF NOT, ARE WE BEING TOLD THAT IN LIEU OF THE RELEASES WE SIGNED, THIS RIDICULOUS EXCERSIZE IN FUTILITY AND WORTHLESSNESS OF A DISTRIBUTION IS OUR F&R???????