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Re: fixedops post# 1801

Wednesday, 11/17/2010 7:58:43 PM

Wednesday, November 17, 2010 7:58:43 PM

That is not what the examiner said. Below is a link to Wamu's press release.

http://www.reuters.com/article/idCNN0117138920101101?rpc=44

The examiner, Joshua Hochberg, determined that "the proposed settlement will most likely result in no recovery for any classes of shareholders under the plan. The examiner also concludes that further litigation concerning any disputed asset is highly unlikely to materially to benefit classes that are 'out of the money.'"

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