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Re: half-full post# 4969

Wednesday, 12/07/2011 11:47:13 AM

Wednesday, December 07, 2011 11:47:13 AM

Post# of 8307
There are three possibilities that could include the LTW's.

1) The GSA could be amended and the LTW's liability transferred to JPM, as you suggest.

2) The GSA could be amended to return the Anchor Litigation back to WMI and we would be reinstated as the 85% claimant.

3) Judge Block could make the decision in his court and do a distribution of 85% of the proceeds directly to the LTW's, bypassing both JPM and WMI.

In the Post entitled "Judge Block's Court" there is a very interesting phrase in the "Conclusion."

"until reasonable time has been allowed for the real party in interest to ratify the action"

Who is the real party in interest that the Justice Department refers to? That's the phrase I find so interesting.


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