Mr Cooper Group Inc (COOP)

[iPrelude]

Despite the difference in size (and others), United Western Bancorp Inc.(fkaUWBKQ) has been in a similar "FDIC-R process" :

https://www.fdic.gov/about/freedom/plsa/co_unitedwesternbankberlingbullockcodori.pdf

I found this SETTLEMENT AND RELEASE AGREEMENT interesting, maybe some logic applying to Washington Mutual Bank, Henderson, NV and Washington Mutual Bank, FSB, Park City, UT can be found :


SECTION IV: Waiver of Dividends and Proceeds from Litigation
To the extent, if any, that Settling Defendants are or were shareholders of the Bank or its
holding company and by virtue thereof are or may be entitled to a dividend, payment, or other
distribution upon resolution of the receivership of the Bank or proceeds in any litigation that has
been or could be brought against the Federal Deposit Insurance Corporation in any capacity or
against the United States based on or arising out of, in whole or in part, the closing of the Bank, or
any alleged acts or omissions by the Federal Deposit Insurance Corporation in any capacity, the
United States government, or any agency or department of the United States government in
connection with the Bank, its conservatorship, or receivership, Settling Defendants hereby
knowingly assign to the FDIC-R any and all rights, titles, and interest in and to any and all such
dividends, payments, other distributions, and proceeds.

Let's cross fingers