Wow!! Employees are fighting for vested stock option on about 250,000 shares of common escrow markers??? And of that the option strike price on 100,000 of those shares are set above $40???
Anyone, having doubts on final recovery around $80B+??
Vested Equity Interests Under the WaMu Equity Incentive Plan, and Golden Parachutes from JPM after CIC becomes official. The FDIC/FRB never said that JPM couldn't give Vested Equity Interests and Golden Parachutes from JPM to WMB employees. JPM is the parent of JPMC that now bought WMB.
Remember that when FDIC seized WMB, the FDIC did not get the Title to WMB. We agreed to release the "Equity Interest" in WMB to the FDIC, NOT the Title. Ownership follows Title.
IMO, CIC happened at the end of the year, we and the EC have not been told about it yet.
I'm expecting that we see our "Motion to Close" the Cases Monday or Tuesday like Lehman's did on Friday to close their BK Cases.
Dm, Did you know these Doc are all on each Adversary Case Proceedings docket for the Employee Claimants? That means that these cases are ready to be removed from the BK cases #28 and #29.
The process is telling us that CIC happened. For the final numbers known what to pay for CIC, that means that all responsibility regarding ABS is closed. Yes, LIBOR too. That is why Lehman's is able to be closing their BK cases.
Market Data 
Markets 
AI
