Mr Cooper Group Inc (COOP)

[LuckyPanda]

LG, I really dont have the legal expertise to argue one way or the other for the 75/25 to the end argument for the preferreds.

I just picked up on the $96mil claim that Dmd was referring to where they were awarded class 19 escrow. Based on that award amount, if you assume 75/25 to the end and say the final safe harbor return ends up around $50B, that $96mil claim would be awarded $350 mil and that seems excessive. But if you assume the preferreds get face plus accrued interest, they will receive around $70mil plus accrued interest, which would bring them very close to the original $96mil.

So just based on that analysis, I think AZ's thesis on the 75/25 to the end argument might be highly probably.

Again, I'm not making any legal arguments based on any POR7 documentations, just based on that award size by the estate. And I'm sure the estate had a pretty good idea of what was in safe harbor back in 2012..