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Re: Large Green post# 700330

Tuesday, 12/27/2022 8:46:29 PM

Tuesday, December 27, 2022 8:46:29 PM

Post# of 735939
# 68, and 69 are part of a motion by the equity committee which although sought to get Debtors to disclose the makeup of assets never reached judicial review, and was a pleading only for disclosure.... what is official, is that the judge signed the chapter 11 closing document with signatures of releases for all parties involved, and these clauses 68, and 69 were internalized by parties involved, including Susman , and Willingham, on behalf equity interests...in the end of the mediation, shareholders received 200 million shares, 75 million in cash, and a 125 million dollar letter of credit... no mention of 68, and 69 was ever made... this is why WMI says that classes 19, and 22 are "impaired"... the chapter 11 closing states all assets of WMI were placed in a WMIL-T, for distribution to creditors...no mention of assets of clauses 68, and 69 never reached existence....the chapter 11 was ratified 11 years ago.....Lodas
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