Eligible former shareholders are those who timely submitted relevant documentation, including the release required under Section 41.6 of the Plan.
As of the Effective Date of the Plan, Depository Trust Company ("DTC") established and maintains positions in the Escrow CUSIPs.
The Trust discloses the status of its operations (including the status of pending litigations) and unaudited financial information in a Form 10-K filed annually with the Securities and Exchange Commission.
In addition, the Trust files a Quarterly Summary Report with the Bankruptcy Court and under Form 8-K with the Securities Exchange Commission.
Zeman’s sympathies for Putin and China, where he made the comments, are well known.
His belief that the Czech Republic should seek closer ties with China caused controversy last October when he allegedly crossed a Holocaust survivor off an annual honors list as a punitive move against Daniel Herman, the Czech Culture Minister, whom he accused of undermining Prague’s relationship with Beijing.
Capitalized terms used and not otherwise defined in this Press Release have the meanings given to such terms of the Plan.
Keep up with this story and more “Liquidation isn’t necessary,” Putin answered in jest.
Zeman, whose statements have fallen foul of the Czech cabinet of ministers numerous times, met with Putin in Beijing amid a swarm of members of the press.
The Czech president turned to Putin, whose country has a notorious reputation for persecution and suspicious deaths of the free press, asking if they should “liquidate” any of the journalists as there are too many.
The Trust will issue Liquidating Trust Interests to WMI's former shareholders if the Trust is able to monetize Liquidating Trust Assets in amounts sufficient to pay-in-full claims held by beneficiaries of the Trust who are senior to members of Classes 19 and 22, and if a shareholder satisfied all conditions applicable to receiving any such Liquidating Trust Interests.
There can be no assurances that the Trust will be able to monetize assets in a manner sufficient to give effect to the foregoing.
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