Mr Cooper Group Inc (COOP)

[Civil War General]

Time to learn!

In Czyzewski v. Jevic Holding Corp., the Supreme Court held that, in approving a structured dismissal, a bankruptcy court may not approve distributions to lower-priority claimants without the consent of the affected, higher-priority creditors. In a 6-2 decision, the Supreme Court emphasized the fundamental nature of the Bankruptcy Code’s priority system.



https://www.supremecourt.gov/opinions/16pdf/15-649_k53m.pdf