Just looking at some of our Dockets this weekend to see if we can find any information about our Litigation Trust Class B Units..
..Claim #10 and #11 was Suppressed..
..Claim #10 was for 96 million dollars. Claim is partly unliquidated.
..Claim #11, per Docket #708 filed July,24 2020..per Exhibit A 3rd paragraph..May 6, 2020 the Litigation Trust explunged from the Claim Register, claim #11 filed by the the Unsecured 4% Notes Indenture Trustee..
...In my opinion this claim was settled for about 10 cents per dollar. Which is common practice, for banks not to carry bad debt..The holders of the 4% notes were U.S Bank 172.5 million and Deutsche Bank 94.6 dollars..see post #3939..
.. What I'm still seeing is that AMEX, is our big obstacle to receiving our Class B LTU's dollars.
..Per my conversation with the Liquidation Trust, is they are confident of recovering over 100 million dollars..
..If U.S. Bank and Deutsche Bank can settle for around 30 million dollars , this leaves us with around 70 million dollars for 54 plus million shares..which will give us over $1.00 per Class B LTU's ..However it does look like there are some more banks that need to settle too..One being AMEX..
..At this point it looks like our Class B LTU's payouts, could go up if the Litigation Trust can make larger than than expected recoveries and reduce the payouts for claims,.. or our recoveries could go down if the Litigation Trust has smaller than expected recoveries and larger than expected claims..All just my opinion, with limited information..GLTA Class B LTU's
AI
