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Alias Born 07/20/2010

Re: philipmax post# 2770

Friday, 12/10/2010 10:56:15 AM

Friday, December 10, 2010 10:56:15 AM

Post# of 8307
My take on our pleadings are that we are going after WAMU for breaching the Warrant agreement by selling the rights to the litigation proceeds to JPM without also transferring the obligation to pay the LTW holders to JPM.

As we know, WAMU did not have the right to do this, and so now we are saying that WAMU must pay us for their breach of contract.

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