Mr Cooper Group Inc (COOP)

[mordicai]

Actually I am laughing at the counterclaims. The equity committee will probably file for the immediate dismissal of the counterclaims. The counterclaims are premised on two things that do not exist. There is no global settlement or understanding to date. And there is no viable POR to date because the POR itself is premised on a global settlement or understanding that does not exist. Poof !!! The reason they do not exist is because the fdic and the bondholders have not signed off on them, not anything the ec has done or will do. The EC should ask for sanctions against this lawyer and firm for filing this frivolous pleading. Pleading facts that clearly do not exist.

I think it is worthy to note that Rosen might have just lost all credibility with Walrath. When an attorney states someone hasn't pleaded something (i.e. the bondholders) and are therefore time barred, judges will read the pleadings before making a ruling. She apparently didn't believe what he said.

I believe Walrath will give the shareholders their annual meeting. If she is bending over backwards for the bondholders to pressure a settlement, she will give the ec the relief they requested.