I do read some..
WMB was sold to JPMorgan, not WMI. But that’s already reflected in the legal record—WMI (the holding company) filed Chapter 11 the same day, and its Plan 7 was confirmed in 2012 after years of litigation and settlements.
The court-approved plan made clear: common and preferred shareholders were at the bottom of the waterfall. They were canceled and received no cash recovery—only a small amount of reorganized WMIH stock (if they opted into the releases) and a Liquidating Trust Interest (LTI). That LTI was contingent on a surplus after all creditors were paid. It never paid out.
The FDIC lawsuit you referenced was resolved via the Global Settlement, which became the backbone of Plan 7. WMI didn’t win a judgment—it dropped its claims in exchange for a negotiated distribution of assets. That’s not speculation—it’s in the plan confirmation order and docket.
If there were still billions on the table for escrow holders, we’d see it in current litigation or amended disclosure. But the Liquidating Trust closed in 2019, the escrow CUSIPs are defunct, and there is no open legal mechanism delivering recovery to equity.
I respect your depth of knowledge, but let’s not confuse hypothetical arguments with settled court outcomes. If you have a case number or legal filing that overrides the Plan 7 confirmation and trust termination, I’d be open to reading it.
JHD
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