The other 10 billion should be the IRS claim which is meritless. How could wmi be getting nol refunds if this claim were legitimate. As to the piercing of the corporate veil, wmi is/was a bank holding company not a nickel and dime home-repair contractor corporation with a thousand dollar capital contribution. Look how the regulators tried to indirectly pierce with the cayman's ---and that doesn't work because of the bankruptcy courts avoidance powers. So imho piercing the corporate veil is damn near impossible with wmi.
There is an IRS claim for $9,748,845,621.51 from 10/24/2008 that still has priority. However, since WMI is entitled to significant refunds, this will likely be expunged.
Date Filed: 7/20/2009 Claim # 3744 Department of the Treasury Internal Revenue Service Internal Revenue Service PO Box 21126 Philadelphia, PA 19114
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