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

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WMILT creo un fondo de reserva para pagar a los acreedores sus "claims".
Rosen se está encargando de aniquilar uno por uno esos claims dandoles 0 u ofreciendoles via mediación como máximo un 4% del valor total que esten pidiendo.
Eso se traducirá en más dinero para los accionistas que segun el tramo iran recibiendo parte de ese dinero "la cascada". Ahora parece que le toca el turno a WAHUQ. Preferentes y comunnes seran los próximos.

Mi opinión es que la contabilidad sigue sin estar auditada y estan resolviendo todos los claims para una vez resueltos que pueden anunciar el valor real de WMILT coincidiendo con el Shareholders Meeting aunque si no lo hacen antes de 9 de mayo esto constituiría Fraude Contable.

El 18 de abril hay un Hearing para tratar los claims y sabremos el avance. Para el 30 de abril saldrá el proxy. Nos estamos acercando a fechas interesantes. El tema de DELL y Blackstone y la respuesta de GS a Susman son dos grandes incognitas sin despejar.

Suerte!

Motion by WMI Liquidating Trust for an Order Authorizing an Examination of
Goldman Sachs Pursuant to Bankruptcy Rule 2004 [Docket No. 10869; filed
11/30/12]

Objection Deadline: December 20, 2012 at 4:00 p.m. (EST);
Extended to February 13, 2013 at 4:00 p.m. (EST);
Extended to April 15, 2013 for Goldman Sachs

Objections/Responses Received:
None to date.

Related Documents:
Status: The hearing regarding this matter is continued to the hearing scheduled for
April 23, 2013 at 2:00 p.m. (EDT)
-----------------------------------------------------------------------------------

A ver si terminamos ya con los claims para que esto se vaya animando :)

http://www.kccllc.net/documents/0812229/0812229130416000000000002.pdf

El resto a mediación...

The intentions of the WMILT are very clear... gentlemen mediate get your 4% and let us finish this chapter... if you push us you will get nothing.

Since we started this has been a game of smoke and mirrors till the very end. Only the few who remain will know why they have been fighting tooth and nail for 4.5 years.

WMILT is doing a great job at clearing claims! there are 3 counsels more to convince who represent the bulk of claims left. Lets do it and we can clear this phase.

The lights will be turned on IMHO between June & August by the calculations based on these events.

Notice of Agenda of Matters Scheduled for Hearing on April 18, 2013 at 2:00 p.m. (EDT)

http://www.kccllc.net/documents/0812229/0812229130416000000000003.pdf

The mediator has to turn in his findings to the court by 5/31/2013 for a court decision early in June ........ but, more so, the claimant HAS to attend the mediation in person .. no substitutions .... and if legally represented, with their attorney in too.

http://www.kccllc.net/documents/0812229/0812229130416000000000002.pdf

MP3 format - http://reorgwmi.com/documents/audio/Hearing-2013-04-18.mp3

WMA format - http://reorgwmi.com/documents/audio/Hearing-2013-04-18.wma

It was announced that another 7 employees are on board to settle, I think making that 56 out of 90 claims in agreement;

The rest were discussion about mediation with the employees remaining, on how it would proceed, who would pay, etc...

The judge decided that the Trust should pay the costs, leave open the locations and possible attendance of the employee claimants by phone, if mediator agrees. They do not have a mediator yet, the Judge already looked at some people (other judges, to serve as mediators) that apparently were not available.

all creditors are getting paid, from PIERS and up... I guess equity may get something after creditors are paid..hope it doesn't take too long

Proxima parada; 23 abril (Hearing sobre GS)

American Funds Capital owns 1.5M shares of WMIH

American Funds Capital Inc Bldr A, "One of the nation's largest mutual fund families with more than $900 billion in investments and over 50 million shareholder accounts" owns 1.5M shares of WMIH.

American Funds Capital Inc Bldr A 1,517,279 0.75 New 0 03/31/2013
http://investors.morningstar.com/ownership/shareholders-buying.html?t=WMIH®ion=USA&culture=en-us

When I posted that Hartford Insurance also owns ~ 1M shares, some of you were skeptical and said something like, "Morningstar has been wrong before so not sure this is accurate." For those of you thinking that (again), here's the American Fund portfolio link. Open link, scroll down list of companies, and you will see WMIH listed.. No, it's not Waste Management. That has a separate line item. Go read for yourself.

https://www.americanfunds.com/funds/details/holdings.html?fundGroupNumber=12

Interesting how Appaloosa, Grey Wolf, Hartford Insurance, and American Funds own millions of shares of WMIH..

Los claims para entonces ya estarán liquidados y lo que sea que tengan que anunciar será entre esa fecha y el Shareholders Meeting de Agosto. Poswitivo y con ganas de que esto llegue a una buena conclusión para todos.

¿Porque Susman que es un perro de presa ha dado tanta cuerda a Goldman Sachs? Pues para que no se pueda objetar una vez los claims ya esten fuera del camino.

"9. Motion by WMI Liquidating Trust for an Order Authorizing an Examination of
Goldman Sachs Pursuant to Bankruptcy Rule 2004 [Docket No. 10869; filed
11/30/12]
Objection Deadline: December 20, 2012 at 4:00 p.m. (EST);
Extended to February 13, 2013 at 4:00 p.m. (EST);
Extended to April 15, 2013 for Goldman Sachs;
Extended to June 17, 2013 for Goldman Sachs"

they must be waiting for something to happen,IMO.

http://www.kccllc.net/documents/0812229/0812229130419000000000001.pdf