Washington Mutual Preferred fka WAMPQ

[gophilipgo]

The way I read it, Walrath's decision basically put TPS pari passu with Ps and Ks. If--and it's still a big if--it's found that the Hs are also preferred equity, they will then be on par with Ps, Ks, and TPS. In such a case, the POR would have to be rewritten since it wouldn't be legal, to the best of my knowledge, to give one class of equal value (the WAHUQs) money from a settlement while leaving out the other classes (Ps, Ks, TPS). In other words, that money is then pooled and divided among all preferred classes.