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garyhalvo

05/03/17 1:47 PM

#477081 RE: LuckyPanda #477076

Try thi link on FDIC site, I have no time right now.

On August 19, 2016, the FDIC Board of Directors approved a settlement among the Receiver, DBNTC and JPMC, which would settle the lawsuit filed by DBNTC, the Indemnification lawsuit filed by JPMC and all claims for indemnification made by JPMC against the Receiver, including two other lawsuits disputing JPMC’s responsibility for tax liabilities of the failed WAMU (“DBNTC-JPMC-FDIC Settlement”). In exchange for releases from JPMC and DBNTC, the Receiver will pay JPMC $645 million in cash in settlement of its administrative claims in the receivership and will give DBNTC an allowed general unsecured receivership claim for $3,006,929,660. The DBNTC-JPMC-FDIC Settlement agreement can be found at this link: DBNTC-JPMC-FDIC Settlement agreement - PDF.

The DBNTC-JPMC-FDIC Settlement remains subject to judicial approval in a procedure to be filed by DBNTC in California, and if approved, will result in the dismissal of the four WAMU-related actions pending in the U.S. District Court for the District of Columbia and the appeal pending in the U.S. Court of Appeals for the District of Columbia Circuit.
Last Updated: 08/24/2016