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Evintos

01/08/16 6:03 PM

#443535 RE: cura asada #443528

I'm not understanding your question but I take it that you want to see if there is a connection between the removal of parties on the Rule 2002 list with LTI holders?

There is a link but nothing significant. Bankruptcy court Rule 2002 as I explained in post 442648 is simply a notification list on the activities of claims/omnibus hearings of WMILT. The link to LTI holders is that removal of parties on the list means that the amount of claims remaining is now less which is a plus for LTI holders. Less claims - more money returning to LTI holders. Less money spent informing people on a long list = more money saved.

There is no reason for any law firm or person to remain on that list and continually received updates (via mail - usually sent priority or overnight, email, telephone, etc.) if their claim has been disallowed or settled and are no longer a party to any remaining claim. Some of these filings as you know contain upwards to 20 pages. Imagine making photocopies of all the motions and filings and sending it to 200 people on the list using overnight delivery. It costs money, a lot of money. Especially when for example - 195 people on the list has nothing to do with Kareem's claim.


The share distribution was from disputed equity escrow and those shares were released after settling a claims. If a claim was allowed - it would've either been paid with cash or with shares from disputed equity escrow. As more claims become disallowed, more shares will be released to LTI holders until the disputed equity escrow is empty.

Evintos

01/08/16 6:16 PM

#443536 RE: cura asada #443528

If you want to see how many people are being sent stuff check out the latest: http://www.kccllc.net/wamu/document/0812229151229000000000002

Affidavit of Service of Lydia Pastor Nino

I caused to be served the following document listed below upon the parties listed on Exhibit A via Fax; and via Overnight mail on Exhibit B, Exhibit C, Exhibit D, Exhibit E, and Exhibit F:

Furthermore, on December 21, 2015, I caused to be served the following document listed below upon the parties listed on
Exhibit G via First Class mail:

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You should see the Affidavit of Services when it came to Kareem's filings. Like in http://www.kccllc.net/wamu/document/0812229151027000000000001

Check out exhibit A: Verizon Services Corp <-- why does Verizon need to be informed about Kareem's mortgage claim? Waste of money.
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Keep in mind even with claims dwindling and reorganization of the 2002 list - scheduling of remaining claims is well into 2016 and motions can be filed by the claim holder for extensions.