Mr Cooper Group Inc (COOP)

[newflow]

Why is it important?

From FDIC's mouth

The DBNTC-JPMC-FDIC Settlement remains subject to judicial approval in a procedure to be filed by DBNTC in California, and if approved, will result in the dismissal of the four WAMU-related actions pending in the U.S. District Court for the District of Columbia and the appeal pending in the U.S. Court of Appeals for the District of Columbia Circuit.

https://www.fdic.gov/bank/individual/failed/wamu_settlement.html

4 cases get dismissied,FDIC can start resolving distributions to WMB note holders and shareholders of WMB and WMI as per the priority.