Strictly an opinion: Will try to this without JPM shareholder vote.
A vote would be devastating for BOD/CEO of JPM. They will to resolve this in a way that does not require a vote. So, working assumption cash settlement or Cash plus securities. Roughly, the securities value being below 15% of the shares outstanding of JPM.
Just a guess!
JPM got this without a vote and would like to keep it without a vote. They would still come out like smelling like roses. The reason is the cut loose the WMB Bondholder, with billions in outstanding.
Newbies: WMB bondholder are not the same as WMI bondholders. They could the same person who owns both bonds. But, the entities, WMI and WMB, are different.