During the course of the Debtors’ chapter 11 cases, certain of WMI’s equity
interest holders have waged a war of misinformation with the Court, the Debtors, the Debtors’ professionals, and, post-confirmation, with WMILT and WMILT’s professionals. Such tactics
have included speculative, inaccurate or misleading financial information being posted to electronic message boards, the dissemination of erroneous information regarding the activities of the Debtors, WMILT and members of WMILT’s management and Trust Advisory Board, and personal attacks on each of the foregoing. Recently, such holders have corresponded with the National Director and the Acting Region 3 Director of the Office of the United States Trustee asserting, among other theories, many of the same issues set forth in the Griffin Objection, and WMILT has responded each time with comprehensive explanations and detailed references to documents and instruments approved by the Court.2 And, each time, the Office of the United States Trustee has accepted WMILT’s reasoned explanations and disregarded the ongoing diatribes.
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