Mr Cooper Group Inc (COOP)

[Evintos]

There's only 1.5 million shares remaining left in DEE

Post-Confirmation Quarterly Summary Report for Washington Mutual, Inc., et al. for the Period April 1, 2018 Through June 30, 2018 (Filed by WMI Liquidating Trust)

Employee claims are related to contractual long term employment incentive termination that occurs post-CIC of which the federal regulations only applies to banks and bank holding companies, of which the Employees assert did not apply as when the FDIC seized bank assets from the holding corporation, WMI(H), it ceased to be a bank or bank holding corporation. Thus it was a regular company prior to the filing of Chapter 11 and thus contractual terms apply. WMILT tried to settle this before, twice before. FDIC rejected both applications, citing federal regulations regarding golden parachutes and covered companies, which the FDIC asserts even though bank assets were seized, WMI was still a covered corporation (they were still a bank holding corporation).

CIC hearing in Feb 2019. The convoluted mess summed up (extremely summed/simplified, maybe too simplified...) is basically was WMI still a bank holding corp after the seizure of assets by the FDIC? If so, then the federal regulations apply.

Was WMI immediately considered a non-bank holding corp immediately post seizure? If so then contractual terms apply.

Currently the disputed claims reserve and disputed equity escrow is being held to pay claimants. There is $25.7 million left for the lawyers and trust operation.