Mr Cooper Group Inc (COOP)

[LuckyPanda]

BBANBOB, I just dont see how Rosen can justify the 1% class 19 award to the underwriters without putting a valuation on the remote bankruptcy assets. How did he arrive at 1%? Why not 0.1%? He needed to backup his 1% award number. Now the only excuse I can think of him using it in court without acknowledging remote bankruptcy assets is as follow:

"Your honor, I dont know what is in remote bankruptcy so I awarded 1% to the underwriters such that if class 19 gets paid face value, they will simply get 100% of what is owed to them. Remember, 75/25 does not apply to remote bankruptcy assets...and we legally do not know what is in remote bankruptcy assets. I simply awarded underwriters, the max possible return they can receive under class 19 - which is about 100% of whats owed to them if class 19 eventually gets face value from remote bankruptcy assets"

The above is the only defense I can think of that Rosen can give to the judge without acknowledging remote bankruptcy assets.