Mr Cooper Group Inc (COOP)

[fredmiller1999]

Sussman filed the D&O case against former executives

and WON that case btw.

but what was more important was the argument that was proved to be true

WAMU was solvent

WAMU did not need a 600 million cash infusion to remain solvent
which proves its solvency

and not to forget the most important part of Sussmans argument; the OTC description of WAMU's status that not only did it meet operating regulations but it was above par of the qualifications.

that suit wasnt about getting back a fraudulent transfer. it was all about proving to the courts WAMU was SOLVENT.

i understand your position that a suit is needed for a return of assets. but pro-escrows know for a fact a 3rd party suit is not necessary.

Sussmans D&O win was for insurance they will NOT forget what they agreed upon in the mediation so many years ago.

if you want proof they are returning billions of assets and not stealing everything reread the recent PR that came out stating 2.5 billion is sitting with the fdic right now.

that number has just been released. in all intensive purposes... it was hidden assets/cash NOBODY knew about.

we have been wondering if the fdic is hidding assets and that pr proved they do infact hid and disclose cash as they please.

but the point is... 2.5 billion has been returned while the fdic has no claim it cannot pay dutche bank its 3-10 billion claim. Don/Bluefoxx has made this point.

if the fdic cannot pay the claim it would have let the courts know it had insufficient funds to cover it.

but not a peep was said... things that make you go hmmm

Sussman has delegated the work... yes everyone is getting a piece of the pie

yes this wait is excruciating

but imho its a done deal... assets are being accounted for (wamu asset corp)
billions are returning (according to fdic 2.5 billion magically appeared)
and more will come as JPMC has to pay book value (said so in Por7) because if they dont Sussman has the WIN of the D&O suit WAMU was solvent.... and the fdic was not released because..... drum roll please...... they took down a solvent bank