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clawmann

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clawmann

Re: None

Thursday, 08/22/2013 8:37:00 AM

Thursday, August 22, 2013 8:37:00 AM

Post# of 3649
Looks like $117 million in runoff notes (maybe a bit less) may be distributed to LTI holders.

From the most recent filing:

"And, notably, to the extent that Tranche 3 is paid in full, Section 31.14 and Articles XIX and XX of the Plan provide that the Trust can distribute Runoff Notes with a face value of approximately $117 million as of June 30, 2013 to holders of Liquidating Trust
Interests."

So you may get notes (carrying 13% interest and maturing in 2030) instead of cash.





Any legal analysis I post may not be relied upon by anyone for any
purpose. If you want legal advice you can rely on, hire a lawyer.
Federal District Courthouse, Newark

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