Philipmax,
You have an excellent flare for writing with emotion, a good quality. May I make one suggestion regarding the substance of your letter, to guide the Court on how to rule in this matter.
Historically the LTW's have always moved with the institution that controlled the ownership. Anchor went to Dime and Dime went to Wamu. Each time the LTW's followed, with the new owner entitled to 15% and the LTW's entitled to 85%. The WAMU plan proposes to move the assets to JPM, the LTW's must also move with them. The error in negotiations of a settlement with JPM was made on behalf of Wamu's management. It is clear from their testimony when questioned by Mr. Steinberg, that they lacked knowledge of the matter. To correct Wamu management's error, the Court should send the LTW's to JPM.
