LG posted the documented true but forgot to say when. This is how true it is. Everything is true until it come real. For all we know this is just more bs could have would have or just plain maybe
$$ ---->> All unpaid claims and equity interests of the Debtors were transferred to the WMI Liquidating Trust
There was a cash of $930 mm was transferred to WMILT for addressing disputed and unclaimed claims.
Rest of the DCR $7.3 B for preferreds and $13.7B for commons ,imo assets were transferred to DCR.
----------------- "(c) The majority of the cash distributed to the WMI Liquidating Trust is specifically allocated for: $40 million for operating cash $20 million for the operations of the litigation subcommittee $91 million for administrative claims $53 million for claimants who have not provided releases $726 million for the DCR " ------------- "(g) For the purposes of this summary, all claims and post-petition interest were recorded, including disputed claims. All unpaid claims and equity interests of the Debtors were transferred to the WMI Liquidating Trust, as discussed above. Creditors who hold claims and were projected to receive recoveries under the Plan (as well as the DCR) received LTI’s for their unpaid claims to entitle them to future distributions from the WMI Liquidating Trust in accordance with the subordination provisions of the Plan. If distributions from the WMI Liquidating Trust become available to creditors and equity interest holders who currently do not have LTI’s, additional LTI’s will be issued to effectuate future distributions."
There was approximately $1.85 Billion unpaid claims were transferred to LT and approximately $930 million was contributed to run the trust,maintain activities and settle the unpaid claims and dissolve the trust.
SO THOSE TWO FIGURES STILL HANGING THERE IN DCR 7.39 and and 13.05 Billions of $s.
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