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Re: newflow post# 727736

Sunday, 05/12/2024 11:53:29 PM

Sunday, May 12, 2024 11:53:29 PM

Post# of 728651
And LG, probably there was a reason WMILT officially did not distribute any LTIs for released equity classes because there were senior claims and disputed equity claims (AAOC and others buying WMI equity)pending thru Jan 2020.WMI former equity received a portion of the reorganized company because creditors and preferred holders agreed to issue such portion and which was diluted significantly by using a RS few years ago.I see that was the reason(probably) entering details into a Book Entry system( using Ballot and W-9 submitted by released equity both class 19 and class 22).And the same thing was mentioned in the IRS ruling letter that equity owners were directly receiving distributions from underlying assets.I think COOP is using those assets and remitting the cash, COOP is the disbursing agent for LTIs and Litigation Proceeds Interests. And WMILT had no control over claims and LTIs in DCR and DCR is a separate entity.IMO, DCR is the Safe Harbor assets lying and it needs to be addressed as per restated and amended liquidating trust agreement.
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