Washington Mutual Preferred fka WAMPQ

[marayatano]

She sure did! http://www.kccllc.net/documents/0812229/0812229111223000000000014.pdf


Foot notes 3, 4 and 5:

3 While certain of the Debtors? professionals have also negotiated post-confirmation employment for themselves under the same budget, it appears the Equity Committee is otherwise free to retain its own professionals post-confirmation.


4 From the Disclosure Statement, it appears the Equity Committee has already appointed its chairperson to one of the board positions. See Disclosure Statement for Seventh Amended Plan, at p. 28. It also appears that certain other representatives of parties formerly opposing confirmation have been granted paid board positions. See id. (principal of Normandy Hill (who is also a former partner at Weil, Gotshal & Manges, LLP, the Debtors? lead bankruptcy counsel) and the primary representative of the WMB Noteholders group purported to have claims in Class 18 of the Plan).


5 Upon information and belief, the Chairman of the Equity Committee (who the TPS Consortium understands has been the driving force behind this result) holds only common equity. See Complaint at ¶ 6, Willingham, et al. v. Washington Mutual, Inc. et
al., Adv. Pro. No. 10-51297. The TPS Consortium is unaware of whether the other members of the Equity Committee hold only common shares or also hold some amount of preferred equity.

Man, this good be a movie script! Wall Street III staring Michael Douglas!

imo