Since the WMI POR includes creating a Litigation Trust to address ongoing WMI litigation, why is the following not a logical opinion to expect from the judge regarding the LTWs:
Instead of 12 vs 18 vs 21 class warfare, why not rule to alter the POR/GSA so that the Anchor litigation & proceeds are clawed back from JPM (even the government handling the Anchor litigation claims JPM is not a proper owner/party in the Anchor litigation) and require it to be handled to its conclusion by the newly created WMI Litigation Trust for the future benefit of the LTW holders?
That way the POR can go through to confirmation, they get the $337MM reserve for the waterfall, the Equity Committee gets what it negotiated for without being diluted, and we get paid when the government finally pays the Anchor litigation, or, like American just did, settles.
Not that I would like this to happen, but it does seem like something that would make life easy on the judge.
