The "late filed claims" notion comes in because the LTW holders were not notified that they needed to file before the claims bar date. Some LTW holders (such as me) filed timely, but not all. That being said, because the LTWs were a publicly-traded security, the company was on notice of the obligation anyway. And given that no notice of the filing deadline has been given to the LTW holders, arguably the claims still aren't late-filed.
The board was not responsible for filing claims on our behalf. However, we did not receive notice, and that's one of the places where the board may have screwed up.
