Mr Cooper Group Inc (COOP)

[clawmann]

BBANBOB: Why does everyone keep repeating that line of argument? It shows an absolute lack of understanding of the history of the claim filed by the UWs.

The UWs originally filed a claim that - if accepted by the LT - would have put the UWs in class 18. But the LT challenged the UWs' claim. The dispute was heading to litigation. The UWs and the LT then settled that litigation with a compromise: The LT would drop its challenge to the UWs claim if the UWs accepted class 19 instead of 18. The UWs thought it was better to accept class 19 rather than to continue to try to get into class 18 because they believed that their chances of succeeding were not very good. So the UWs said OK, we will agree to class 19 if the LT increases the amount of our claim. And the LT said OK.

Why would the UWs want to increase the amount of their claim in class 19 and why would the LT agree to that increase? Because they both believed that the chances of class 19 getting much of anything were very small and whatever did go to class 19 would have to be divided up rather thinly among the large number of claimants in class 19.

How about that answer? It's accurate and it makes this nonsense about the UWs wanting 19 instead of 18 look absolutely silly.