Category: Bankruptcy

AA Equity Q&A, December 4, 2015

How much equity did TWU hold back? TWU held back 14% of the equity. Why did TWU hold back 14% of equity? It was estimated that this would permit TWU to satisfy any judgment obtained by plaintiffs, while also covering legal and administrative expenses incurred. Where is the reserve fund being currently held? TWU has…

UPDATE: 1099-B sent in the Mail…

After a short conversation with the Computershare people. I have found out that the 1099-B that was sent in the mail is for the shares that were sold to cover the Taxes of the award. Due to the fact that the shares were sold, Computershare is required by law to send the 1099-B. If you have…