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Re: newflow post# 716695

Friday, 09/29/2023 8:51:25 AM

Friday, September 29, 2023 8:51:25 AM

Post# of 749756
WMILT was the Litigation Trust established under confirmed Plan 7 to pay all the creditor classes until the funds and stocks were extinguished. At that point, with nothing left to distribute and no funds to pay employees, it was dissolved with the approval of the Bankruptcy Court.
It was a temporary Trust established for a particular purpose and like all Trust entities, once the funds are paid out completely, according to the terms of the Trust, it is dissolved and the Trust ceases to exist.

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