Washington Mutual Preferred fka WAMPQ

[marayatano]

Got it, thanks. Unfamiliar territory for him and understandable.

imo

My questions stem my talk with my attorney friend. As I have mentioned previously, he is not a bankruptcy attorney. However, he has not seen a judge insert himself/herself into a settlement between parites.

Not only does he currently think that U's will not be cancelled out, he thinks there's little chance that JMW will change the 70/30 split.

But, to your point, this case is unusual and leaves the door open for JMW to do that. Whether she will or not remains to be seen.

Thanks for sharing your thoughts on the matter.

Jack