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Washington Mutual demanda a la FDIC por 17 billones US$ + daños

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Washington Mutual demanda a la FDIC por 17 billones US$ + daños
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Washington Mutual demanda a la FDIC por 17 billones US$ + daños
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#23249

WMI abandona Equity Interest en WMB

WMI (estate) abandons stock in WMB (bank) - KCCLLC Doc

WMI = Equity Stock "we" own.

WMB = Stock that only WMI held.

3/16/2012 - 9901 - Notice regarding Abandonment of Equity Interests in Washington Mutual Bank

http://www.kccllc.net/documents/0812229/0812229120316000000000016.pdf

(a) Expected

(b) Already authorized months ago

(c) EC agreed with this - as long as it was in conjunction with an "approved" plan, which the court did

(d) Required to exit bankruptcy, and preserve the NOLs

(e) Fait accompli

(f) This is the stock of WMI -- the sole and only holder of stock in WMB -- the bank. Nothing otherwise to do with anyone's stock in WAMUQ, WAMPQ, WAMKQ or otherwise.
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Ya estamos cerca...

#23250

Seccion 37.2 del Plan

Looks like WMI is in agreement with JPM.
1.97 Effective Date: The first (1st) Business Day on which (i) all of the
conditions precedent to confirmation of the Plan specified in Section 36.1 of the Plan shall have
been satisfied or waived, as provided in Section 36.2 of the Plan, and (ii) all the conditions
precedent to the effectiveness of the Plan specified in Section 37.1 of the Plan shall have been
satisfied or waived as provided in Section 37.2 of the Plan.

37.2 Waiver of Conditions Precedent: To the extent practicable and legally
permissible, each of the conditions precedent in Section 37.1 hereof may be waived, in whole or
in part, by the Debtors, subject to the prior written approval of the Creditors’ Committee, the
Equity Committee, the JPMC Entities, the FDIC Receiver, FDIC Corporate, and AAOC. Any
such waiver of a condition precedent may be effected at any time by filing a notice thereof with
the Bankruptcy Court executed by the Debtors, the Creditors’ Committee, the Equity Committee,
the JPMC Entities, the FDIC Receiver, FDIC Corporate and AAOC.

37.1 Conditions Precedent to Effective Date of the Plan: The occurrence of
the Effective Date and the substantial consummation of the Plan are subject to satisfaction of the
following conditions precedent:
(a) Satisfaction of Certain Settlement Agreement Conditions. The
satisfaction of the “Conditions to Effective Date” set forth in Section 7.2 of the Global
Settlement Agreement.
(b) Entry of the Confirmation Order. The Clerk of the Bankruptcy
Court shall have entered the Confirmation Order in accordance with section 1129 of the
Bankruptcy Code, and the Confirmation Order shall have become a Final Order.
(c) Execution of Documents; Other Actions. All other actions and
documents necessary to implement the Plan shall have been effected or executed.

“Effective Date” shall mean the first (1st) Business Day after the date on
which all conditions to effectiveness set forth in Section 7.2 hereof shall have been
satisfied or, to the extent not satisfied, waived in writing, in whole or in part, by each of
the Parties.

Section 7.2. Conditions to Effective Date. Except with regard to the
covenants of the JPMC Entities set forth in Section 5.1 hereof, the covenants of the FDIC
Parties set forth in Section 5.2 hereof, the covenants of the WMI Entities set forth in
Section 5.3 hereof, and the covenants of the Creditors’ Committee set forth in Section 5.4
hereof, the terms and provisions of this Agreement are expressly subject to the following
conditions unless waived, in writing, by the Parties:
(a) the execution and delivery of this Agreement by each of the
entities identified on the signature pages of this Agreement;
(b) the entry of the Confirmation Order by the Bankruptcy
Court confirming the Plan in accordance with section 1129 of the Bankruptcy Code, and
such Confirmation Order shall have become a Final Order;
(c) the effective date of the Plan; and
(d) the disposition of the Texas Litigation in a manner provided herein

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JPM parece que va a tener que solucionar lo de Texas para que todo el mundo este contento y salgamos de BK

#23251

¿Que pasará el lunes?

Will the stock stops trading after today?

By Monday, we may know approximately the conversion rate. Preferred may not have a high number of shares without release but it could be significant with commons.

The first one to know if there is any money left in the estate are the PIERS because if they get no share in NEWCO, it means that there is enough money to pay them off.

Besugo: Sobre el valor actual del stock...
The stock was worthless on the POR approval, but it could trade for months or be done this evening. Keep in mind, GM's old common stock traded for a couple of months after the new stock was issued, so it is hard to tell.

#23252

El examiner busca ahora que le curen sus pecados...

Motion of Examiner for Entry of Order (1) Discharging Examiner; (2) Approving Disposition of Documents; and (3) Granting Related Relief

http://www.kccllc.net/documents/0812229/0812229120316000000000027.pdf

Desperately seeking

1. Court's order preventing any formal or informal discovery from the third parties

2. To return or dispose the confidential documents from the parties involved. However wants to retain their work product to provide their rationale for the report if they can not escape the discovery in any unseen circumstance on a legal basis.

However, the link to original documents from which the evidence and consequently report was developed would be removed forever making the possibilty of anyone getting to the bottom practically non-existent.

to scoop some money for future discovery related expenses notwithstanding the court order in their favor.

The conviction of all the colluding persons/parties was based on the simple belief- no due process in substance and in sincerity would be allowed. This was the shocking truth of this travesty and they were right.

#23253

Re: El examiner busca ahora que le curen sus pecados...

Si hay que hacer la D.D. pero aqui te preguntaban inversores ignorantes y les recomendaste comprar a precios como 80 las p´s o a 20 las comunes y ahora ellos estan en bancarrota tus continuos post ya dicen mucho el sueño que pierdes, no intentes engañar al foro. El lastimado Ten shin fue solo uno de tantos a los que llevaste al huerto con tus mentiras mediante las cifras FALSAS que posteabas sin ninguna verguenza por tu parte pero no te quepa duda que hay muchos mas lamentando haberte conocido.

#23254

¿Lunes 19 - New Co?

Certainly looks to me as if the Effective Date will be Monday the 19th.

From the POR:
“Effective Date” shall mean the first (1st) Business Day after the date on which all conditions to effectiveness set forth in Section 7.2 hereof shall have been satisfied or, to the extent not satisfied, waived in writing, in whole or in part, by each of the Parties.

We had two major filings yesterday: the stock abandonment and the notice of waiver certain conditions precedent. I think that does it. The Plan, by its own terms, seems to require that the Effective Date is the next business day: i.e. Monday.

See you on the other side....

#23255

Re: ¿Lunes 19 - New Co?

Mr Simpson sin parangon tus posts optimistas.
Las acciones actuales tienen precios un 75% por debajo del capital otorgado en el POR, MUY MAL sintoma para la New Co. En los foros gente desvergonzada como tu habeis destrozado numeroso bolsillos y ya no quedan mas compradores por mucho que bombeeis con informaciones FALSAS. Tus equivocaciones durante los 2 ultimos años manteniendo largos han sucumbido en perdidas cuantiosas que has promocionado dejando un reguero de bolsillos tiesos. !!!!!!!!!!!!!!!!!!!Fenomenal compra del siglo!!!!!!!!!!!!!!!!!!!

#23256

Re: ¿Lunes 19 - New Co?

aquí no hay nada q bombear esperamos acciones de la NewCo libres de polvo y paja y con muchos NOLs y un litigating trust que ira probablemente por Goldman Sachs o FDIC