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Re: philipmax post# 6433

Tuesday, 01/31/2012 2:28:48 PM

Tuesday, January 31, 2012 2:28:48 PM

Post# of 8307


The GSA is part of the Plan of Reorganization and so yes I agree that until the POR is approved the GSA is not final.


Mr. Mintz's Claim was directly against the FDIC - whereas our Claim to 85 % Net of the Anchor Litigation Award will be directly to Judge Block - who is control of the distribution of the proceeds.


Whether JPM and/or the FDIC and/or WMI claim to be the rightful owner of the Anchor Litigation Proceeds, the LTW Holders' position is that any of the foregoing is only an owner of 15 % Net of the Anchor Litigation.


Any delay in certain LTW Holders intervening in the Anchor Litigation has been hindered by the Class Action and thus their ability to request of the Court a remand to Judge Block's Court..


The HFs only make up about 18 % of the LTW Holders who changed the Action of Broadbill to a Class Action even though not all of the LTW Holders thought that the LTW Holders' Claim should be in the Bankruptcy Court.


Those LTW Holders who thought that the US Court of Claims was the proper venue for the LTW Holders' Claim to 85 % Net of the Anchor Litigation were prevented from taking any Action due to the Class Action started by HFs in the Bankruptcy Court.











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