Mr Cooper Group Inc (COOP)

[ItsMyOption]

FDIC email reply:

Mr. XXXXXXX

I received the following response from our attorneys. The FDIC as receiver for Washington Mutual Bank is not in control of the litigation in which Deutsche Bank as Trustee seeks court approval of its contingent settlement with JPMC and the receiver. The Settlement Agreement dated August 19, 2016, sets June 30, 2019, as the deadline date for successful satisfaction of the court approval contingency. Successful removal of that court approval contingency is the linchpin for a partial dividend distribution on allowed receivership claims.

Note: I believe a court hearing is scheduled for May 9 for this court approval.