LT IS OPEN THRU 2019.NO REPORTING TO COURT ANYMORE.Check the QSR. Page 11
WMI Liquidating Trust September 2019 Quarterly Summary Report -- UNAUDITED Rollforward of Claims (in millions) As noted in the Notes to the Financial Statements, the Trust intends to make one final cash distribution to Class 18 Allowed Subordianted claims. No LTIs will be issued in advance of such distribution.
As per plan and court documents, equity should get LTIs.This is still pending due to class 18 distributions.IMO, we will get LTIs or cash(specified in Note 7 of QSR)
Yes, I heard the same thing. I think it was about 28-29 minutes into the audio where the judge seemed to suggest that none of the shareholders would be served by keeping the bankruptcy cases open.
"Then I heard the Judge talk something about that keeping the bankruptcy case openand blocking the process (what AG is trying to do) would not help class 19 and 22 with her belief of recovery outside of bankruptcy. "
I would need to hear the judge's words word-for-word. Based on what you post above seems to me she could have just as easily meant- "You're not helping anyone by keeping this open because there is nothing left for you and those you think you're helping.".
Super unclear and unsure, and frankly it seems very optimistic to hear something definitely positive based on what you wrote above imo.
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