Mr Cooper Group Inc (COOP)

[ReikoBlack]

What's your point? You're quoting from the Sixth Amended Joint Plan. (the plan that didn't get approved)


Pg. 1

"Before the Court is the request of Washington Mutual, Inc.(“WMI”) and WMI Investment Corp. (collectively the “Debtors”) for confirmation of the Modified Sixth Amended Joint Plan of Affiliated Debtors (the “Modified Plan”)."

LTIs TO EQUITY - AS PER THE JUDGE's OPINION

In addition, the
composition of the Trust Advisory Board must reflect the
constituents who hold Liquidating Trust Interests. When
creditors are paid in full, their Liquidating Trust Interests
will be canceled and preferred shareholders will be issued
Liquidating Trust Interests. (Tr. 7/13/2011 at 98; D 255 at §§
6.3, 7.3, 16.3, 18.3, 19.3, 20.3, 22.1, 22.2, 23.1 & 24.1.)
Consequently, the Trust must provide that when creditors lost
their Liquidating Trust Interests, the creditors’ representatives
on the Board will be replaced by representatives selected by
equity.

Page 25
https://www.deb.uscourts.gov/sites/default/files/opinions/judge-mary-f.walrath/mwf2011091308-12229.pdf