Mr Cooper Group Inc fka COOP

[hotmeat]

Seems it's still far from over...WMILT 2018 10K

There are other Class 18 claimants that are yet to be dealt with by the Bk court for the remains of the WMILT. The "Mortgage Pass Through-Claimants" (MARTA etc), "WMB Subordinated Claimants" (Class 17B) and other "Misrepresentation Claims Claimants".


QUOTE: "On May 16, 2012, the Bankruptcy Court, citing the Stipulation, found that the plaintiffs’ new proofs of claim had been filed prematurely, and stated that the claimants would be allowed to re-file their proof of claim only if and when recoveries are available to Subordinated Claim holders (Class 18)."



QUOTE: "By orders, dated December 29, 2011, the Bankruptcy Court held that the Misrepresentation Claims should be subordinated pursuant to section 510(b) of the Bankruptcy Code. Accordingly, holders of Misrepresentation Claims would be entitled to receive their Pro Rata Share of Liquidating Trust Interests only if their Misrepresentation Claims were deemed Allowed Claims and recoveries were to reach Class 18 (Subordinated Claims). The Bankruptcy Court expressly preserved the rights and defenses of all parties, including the Debtors’ with respect to the validity and amount of the WMB Subordinated Notes Claims, including the Misrepresentation Claims."