Mr Cooper Group Inc (COOP)

[ron_66271]

UncleBo, Class 18 is JPM's Responsibility.

?? 38 million.. ??
23 Employee Claimants with an average annual salary of ~$200k - ~$300k;

~$4.6MM - ~$6.9MM DCR carve-out.
at $500k is only $11.5MM DCR carve-out.

The WMB Employee Claimants get their ETRIP, SERAP, and Golden Parachutes from JPM when CIC is completed.

When CIC is executed;
* The WMB Bonds are paid.
* "The Final Payment" is made to WMI for "WMB and it's assets".
* JPM takes over WMB Employee Claimants ETRIP and SERAP responsibility, and Golden Parachutes. The most the Employee Claimants can get from us is One Years Salary which includes legal expenses. The only reason the Employee Claimants could file against WMILT is because CIC hasn't happened yet. We/WMI still have the Title to "WMB and it's assets". The Employee Claimants adversary cases will be broken away from the BK cases when Point 11 is enacted.

"11. Upon review of the parties’ submissions, the Court will direct the parties regarding next steps, including with respect to the scheduling of a hearing on the parties’ submissions and the allowance or disallowance of the Surviving Claims."

Debtor Name..................Debtor Case Number
WMI Investment Corp. ........08-12228
Washington Mutual, Inc. .....08-12229


Notice that KKK, Stewart Landefeld, Thomas Lehman never filed a claim against the Debtor as employees.