Mr Cooper Group Inc (COOP)

[hotmeat]

Quote: " to avoid any confusion, it should have been "and disputed equity escrow markers will be cancelled" after the distributions are made."


They meant exactly what was stated, that Escrow Markers will be cancelled after the court closes the cases. As the LT has stated since 2012, Escrows are solely for the distribution of shares in the Newco, NOT CASH! Outstanding LTI's will also be cancelled because the LT will have ZERO assets left after the distribution to Class 18 is made.