Mr Cooper Group Inc (COOP)

[hotmeat]

QUOTE: "Class 18: Subordinated Claims;
Maybe MARTA? How much is this possible claim?"



WMI Annual 10K, filed 3/27/2018


Mortgage Pass-Through Litigation....PDF 22


"On January 10, 2012, Chicago PABF, Doral Bank, and Boilermakers asserted a new proof of claim, asserted in the amount of “at least $273 million,” on behalf of the class in the Boilermakers Consolidated Action. The Trust disputed the new proof of claim and was required to reserve $435.0 million with respect to the estimated claim until resolved. 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)."



WMB Subordinated Debt Misrepresentation Claims....PDF 22

Class 18 WMB Subordinated Note Claims (Class 17B)...remain disputed and unliquidated, dollar amount unknown. Possible future litigation





QUOTE: "Class 2: Senior Notes Claims;
WHAT IS STILL DUE ON THIS CLASS? Final interest payment?"


Creditor claims....PDF 28


General Unsecured Claims (Class 12) $1M

Senior Notes – Remaining Post-Petition Interest Claim (Class 2) $10M



IT'S NOT OVER!!!!!!!!!!!!!!!!