Thanks SplitT. I dont think it will go to litigation either....Unless 75/25 applies to bankruptcy remote assets. Then, the LT may have a hard time explaining the 1% class 19 award to underwriters. Then this could potentially drag out.
I personally think AZ is right. LT does not control distribution schedule of remote bankruptcy assets. Lets hope underwriters will push the powers to be to distribute before April 12th. As they say, possession is 99% of winning any potential suit.
Split, But the Trustees of Class 19 Associated ABS Trusts,
can not make a distribution until the issue is resolved because they don't know how much to distribute and to whom with the open First Omnibus Objection.
All WaMu ABS Trusts were free to distribute because Tranche 4 is closed.
Now Class 19 ABS Trusts (REITS) are now tied-up until Doc #12595 is resolved.
Better ?
Alice says she has more filing coming. How much more time is she going to cost us impeding distributions while playing Junior Lawyer?
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