Washington Mutual Preferred fka WAMPQ

[Desperado90]

IMO,

If the SNH think they can claim that the Debtors were responsible for disclosure of the information then immediately they realized that the information had not been disclosed should not have traded.

It's just like saying that ignorance to the law. They traded and there's no dispute. They had material information that's not in dispute. The problem is the level of disclosure.

It was deceptive to be filling discovery requests for the $4B deposit when there why several term sheets showing JPM agreeing to return the money.

The Judge claimed that even if the Estate got the deposit back that the FDIC might have setoff rights which we know is not true.

I can go on and on about technicalities but there's no dispute about trades and the information received and we know that the Debtors did not disclose that the $4B was 100% ours.

The splitting of Tax Refunds is a big no no. The Tax Refund claim has to be adjudicated and tried to determine the who get the $5.6B. The idea that we are splitting the money with the FDIC and JPM is ridiculous. The splits were agreed to by the SNH and Debtors.