ora, the monies will all be run through wMILT and every dollar that is run through WMILT is split 75/25 with preferred getting .75 cents and common getting .25 cents per dollar.
IMHO, I have said for well over two years that there would never be any third party suits outside of the Officers/Directors suits that were already in play, have said the Piers would never be paid until WMIH was capitalized and have said the main reason for WMILT was to provide a settlement that could never have happened during the ongoing bankruptcy case.
These monies will be paid to the owners of escrow share accounts before or shortly after the P&A is closed out which should be this year according to a filing by the FDIC or when tranches five and six are worked in total.
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