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WithCatz

05/30/11 12:34 PM

#298485 RE: steel58 #298483

There's no requirement, per-se. As we saw in the prior confirmation hearing, I'll paraphrase, "We did not put a value on each individual item, we came to a resolution that simply settled both sides of the various disputes and arguments."

So, if that is how they want to proffer forward a new settlement, which we believe should now include the EC, then it is a valid and legal way to handle it.

What is not clear, is what is part of WMMRC and what is part of the Liquidating Trust, and what powers and whom the Litigation Trust can go after.

So, to that end, for the latter answers -- I believe we would see more clarity in what is part of WMMRC vs. LiqTrust vs. LitTrust.

But those wanting to see a complete list of assets, especially assets transfered pre-bankruptcy, I don't see that as a requirement, at least not the way people want to see it. One can infer what those assets were by looking at the Disclosure statement. It was disclosed.

http://www.kccllc.net/documents/0812229/0812229110328000000000002.pdf -- WARNING 1700+ PAGES!!!!

Beginning PDF Page 57 and forward has Pre & Post, and the structure of current, remaining, holdings.