Mr Cooper Group Inc (COOP)

[Evintos]

Discovery will be done, litigation would be required.

Settlement offers were made, mediators were involved, the remaining claims are those who accepted none of the solutions offered (non-settling claimants) as well as claims that were objected to by the FDIC for being "golden parachute" payments.

Multiple attempts were actually made to pay majority of these claimants which FDIC did not authorize.

I don't remember the filings off the top of my head but here's the link to the response from the FDIC regarding paying these employee claims.

http://www.kccllc.net/wamu/document/0812229150512000000000001

Gist of it is:

The FDIC Reaffirms that WMILT is a "Covered Company,"
and the Proposed Payments to Both the Settling and Non-Settling Claimants are "Golden Parachutes" with Certain Limited Exceptions.

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On one hand, LT would pretty much be done (in 2013/early 2014) if it weren't for the FDIC objecting to payment. On the other hand, if they don't object, the LT will pay out $62 mil in claims.