The intent of the Warrants - which is stated by Weil - was to deliver 85 % of the Litigation Awards to the LTW Holders in the form of WMI Common Stock.
If the Warrant Agreement does not cover the possibility of a Bankruptcy of WMI - and worthless WMI Stock - then I think the LTW Holders' argument - as outlined in the Post-Trial Memorandum - that 85 % of the Litigation Awards should be delivered to the LTW Holders by way of cash proceeds would be in line with the intent of the LTW & Warrant Agreement. (emphasis added)
You might consider sending a 32 page memo to JMW to make sure that she has your phone number.
Judge Walrath will need your phone number before issuing an opinion so that she knows exactly "what you think," and how your "humble opinion(s)" should impact this case. I'm sure that she's waiting on bated breath to hear "what you think" about this case . . . after all, you have read 57 pages of the Post-Trial Memorandum, so you clearly know more about this case than the REAL lawyers in this case.
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