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Re: Large Green post# 710170

Friday, 05/26/2023 10:07:10 PM

Friday, May 26, 2023 10:07:10 PM

Post# of 729922
LG, as per Bard...Class 18, Class 19 and Class 22 claims were put into WMILT winding down estates to resolve the claims and who gets what because the plan Class 19 shared a portion with Class 22.EC was the only party knew the numbers because it was the one who negotiated with every party and finally settled with TPS,Debtor and JPM on Feb 16th,2012 if i remember correctly.Plan provided a distribution of 75/25 between Classes 19 and 22,thats how Class 22 survived in Plan 7,IMO.
During wind-down if they recovered certain assets from some other party(we don't have any clue except EC)the original Class 19 were to satisfy before Equity not on the basis 75/25 because there was no LTI distribution, just speculation but this could be true because ARLTA was never shown it to public and only classes left out in the water fall were Class 19 and Class 22.Class 19 and Class 22 are settled out of Plan 7 by design, IMO.
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