Up until the POR was filed, I dont know there was a case against WMI or JPM since it wasnt clear whether the litigation claims were at the estate or JPM. Now that the new plan calls for us to get nothing that has changed though.
In my opinion, I don't think we become unsecured creditors because no money has actually been paid out by the FDIC and the court hasnt come to a final decision and may not for a year or two. But what I do think happens is that the Broadbill complaint causes WMI/JPM to amend the agreement and ultimately pay us in cash or stock once the Anchor litigation is finalized.
Is is possible to post a MS word file to the message board? The reason I ask is all the formatting on my original report was lost when I cut and pasted it.
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