The only reason WAMU came out whole was the NOL's carry-back law. Because of the refund on previous taxes paid unsecured was paid in full with back divi's and interest. Guess who benefited.
WAHU got 1 for 1 - CT's WAMK got 1 for 2 - preferred WAMU got decimals per share - common
Share conversion is based on my memory but damn close
Has Lehman received their refund????? Did they file on time? Is this part of any tolling/stay?
How much in taxes did Lehman pay from 2002/2003 to 2008? Anyone who did not receive a bailout would receive an IRS refund on taxes paid for the previous 5 years to off set NOt's. The law had a cut off date in 11/12 for filing a claim, if my memory serves correctly.
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