Mr Cooper Group Inc (COOP)

[clawmann]

If $1 billion is eventually distributed to former equity, yes, each P escrow marker would get about $100. But based on what we know right now, that seems to be a very long long-shot. Odds could change based on developments.

I think the eventual distribution of $100 million to equity ($10 per P marker) is considerably more likely, but still IMO not a 50/50 proposition. It really depends on the claims resolution process in the bankruptcy case, and the outcome of the recent suit against the former D&Os.


The above does not take into account the FDIC-R wild-card, including outcome of the "What liabilities did JPM acquire?" dispute and the LIBOR-rigging suit.