Mr Cooper Group Inc (COOP)

[boarddork]

"“We had a good feeling about how the plan confirmation hearing went and also felt optimistic after closing arguments,” Folse told me. “We’re gratified that the court denied confirmation of the plan and has authorized the equity committee to proceed with our disallowance case.”

Fried Frank, which represents three of the hedge funds, declined to comment. An Aurelius spokesman also declined to comment."




Thanks Cura, there is a lot in there. Mediation was not SG begging for scraps, it was SG telling the SNH like Aurelius and Centebridge what they had to give up to NOT get raked over the coals and lose their investment from inside trading. That day was a BIG deal!