Mr Cooper Group Inc (COOP)

[ron_66271]

"On July 31, 2018. Mr. Smith received a special cash bonus of $2.4 million".

About one Month (8-30-2018) later B. Rosen filed Doc #12499 to commence the closing of the cases.

59. With the determinations reached in the Declaratory Judgment Action, and, in the event that the Court grants the relief requested herein deeming the Claims disallowed and authorizing the release of assets in the Disputed Claims Reserve, upon such order becoming final and assets being distributed, WMILT would agree to the dismissal of the Adversary Proceedings with prejudice. WMILT submits that such action would be a fair and reasonable result and preserve the Debtors’ assets for distribution to others. Equally important, the dismissal of such litigations would remove the remaining actions in the Debtor’s chapter 11 cases and permit the closing of these cases.


Yes AZ, it's all about Process, and COOP is the 'tell'.

Tranche 4 is paid in full.
Tranche 5 is all about WMB issues.
Tranche 5 is now the active Tranche.
The FDIC operates on a quarterly bases.