Mr Cooper Group Inc (COOP)

[Evintos]

I'm not understanding your question but I take it that you want to see if there is a connection between the removal of parties on the Rule 2002 list with LTI holders?

There is a link but nothing significant. Bankruptcy court Rule 2002 as I explained in post 442648 is simply a notification list on the activities of claims/omnibus hearings of WMILT. The link to LTI holders is that removal of parties on the list means that the amount of claims remaining is now less which is a plus for LTI holders. Less claims - more money returning to LTI holders. Less money spent informing people on a long list = more money saved.

There is no reason for any law firm or person to remain on that list and continually received updates (via mail - usually sent priority or overnight, email, telephone, etc.) if their claim has been disallowed or settled and are no longer a party to any remaining claim. Some of these filings as you know contain upwards to 20 pages. Imagine making photocopies of all the motions and filings and sending it to 200 people on the list using overnight delivery. It costs money, a lot of money. Especially when for example - 195 people on the list has nothing to do with Kareem's claim.


The share distribution was from disputed equity escrow and those shares were released after settling a claims. If a claim was allowed - it would've either been paid with cash or with shares from disputed equity escrow. As more claims become disallowed, more shares will be released to LTI holders until the disputed equity escrow is empty.