Mr Cooper Group Inc (COOP)

[ron_66271]

Please Go Read the Doc

Post # of 507204
http://www.kccllc.net/wamu/document/0812229180202000000000002

{ : Order on 1) Motion of Grant Thornton for an Order to Show Cause why Sanctions Should not be Imposed Against Washington Mutual Liquidating Trust for Failure to Comply with the Court’s Final Fee Order [Docket No. 10476] by Failing and Refusing to Pay Approved Professional Fees; 2) Supplemental Motion of Grant Thornton for an Order to Show Cause Why Sanctions Should not be Imposed Against Washington Mutual Liquidating Trust for Failure to Comply with the Court's Final Fee Order [Docket No. 10476] by Failing and Refusing to Pay Approved Professional Fees; 3) Grant Thornton's Proposed Finding of Fact and Conclusions of Law; and 4) WMI Liquidating Trust's Proposed Findings of Fact in Connection with Grant Thornton's Motion for Sanction }




The LT got Spanked.

*********
~ WOW’, An Amazing Slap Down By The Judge ~

In her signed opinion, ... here’s the famous LT’ propaganda machines, ... legal team’, at work, ... ? ...

Document 12456 Filed 02/02/2018
http://www.kccllc.net/wamu/document/0812229180202000000000001

After Grant Thornton demanded payment, the Liquidating Trust could have either remitted the Contingency Fee or sought relief from the Court. Instead, it simply withheld payment (refusing to comply with the Final Fee Order). Even after the Court ruled that the plain terms of the Postpetition Agreement entitled Grant Thornton to its Contingency Fee, The Liquidating Trust continued to refuse to pay, asserting mutual mistake as a justification for its position - in the face of Grant Thornton’s insistence there was no mistake. The Liquidating Trust’s conduct demonstrated an inexcusable disregard for the Court’s order and cannot be remedied by a pleading of good faith.

Because Grant Thornton had to file a motion to recover its contingency fee, the Court concludes that sanctions are appropriate in the amount of the costs associated with the filing and prosecution of its motion.

So now, ... it costs more’, ...

AZ

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