Mr Cooper Group Inc fka COOP

[Dmdmd2020]

distrojunky,

Yes, IMO...the underwriters will do very well with their $72 million Class 19 claim.

They had more than a year after the Effective Date (March 19, 2012) to settle their $96 million claim which was Stipulated on March 28, 2013.

Not only did the underwriters have all the insider information, but they had the benefit of settling a year after the Effective Date so they can do their final DD on their claims.

IMO...It’s a rigged game, so I’m thankful that the underwriters settled for a $72 million Class 19 claim (which retail are aligned with) instead of the $24 million Class 18 claim.