Mr Cooper Group Inc (COOP)

[mordicai]

How would $24 million be automatically allowed to class 18? The underwriters have already shown their agreeable settlement amount , by accepting basically 1.4 million shares of wmih and escrows which Rozen and company represent to have no value. I do not think the LT could offer them anything more than that in Class 18 from a breach of fiduciary duty standpoint from other Class 18 claimants. What Walrath failed to consider is that underwriters got a guaranteed payment on their claim (via issuance of wmih shares) regardless of whether any money would ever reach Class 18. CSNY was trying to eliminate payment of every part of the underwriter's claim. She may have abandoned this at the hearing, so now she may be just seeking that the underwriters relinquish any right to escrows along with those wmih shares. So, if the escrows have no value, what would be the point of the underwriters to continue fighting for the escrows on appeal?