Mr Cooper Group Inc (COOP)

[fsshon]

Not true. FDIC-C and R were parties to the GSA. WMI shareholders and preferred holders harbored claims against the receivership and this litigation was a serious confirmation issue. Solution...When you signed the release you released the parties to the GSA. No party was released criminally, only in civil proceedings. WMILT cautioned all parties that there were litigation claims against offending parties and they would pursue such. such, but as time has worn on, those claims (through discovery) has proved fruitless. Not saying there are not any claims, I am saying "the expense of litigation and discovery and time outweighed chances of recovery."

If you don't believe me, ask the WMILT. Read their public filings. We currently have potential recoveries through settled claims for monies owed via taxes, disallowed bk claims and the paltry 7% D and O settlement. WMILT legal bills are extremely low, this tells me they are wrapping things up.

Once the BK court finishes and settles the disputed claims, the money will be disbursed via the waterfall and WMILT will close up shop. If you signed releases, you gave up any recovery right via FDIC with the abandoned stock of WMB, which WMI as prior owner of WMB had against the receivership. WMIH received the NOL's and KKR future. That is the recovery.

The word is released.

Cheers
Blue