Mr Cooper Group Inc (COOP)

[mordicai]

The first few pages of this complaint

http://bankrupt.com/misc/BlackHorseComplaint.pdf

explain the WA Funding Trust III which is designated on our P escrows. I found one allegation interesting which said if the TPS Conditional Exchange was upheld, that the investors would receive significantly less. It did not say the investors would be wiped out. It also points to two other trusts securing the P's . Deutsche bank is the trustee of the two other trusts and JPM took over the servicing of the trust assets in wmb's stead.

Anyway these trusts were initially funded with some 13 billion in assets of which TPS initially had a $4 billion liquidation preference which Walrath awarded to WMB receivership/JPM. According to
https://livinglies.me/2016/11/18/investigator-bill-paatalo-who-is-private-investor-ao1-jpmorgan-chase-refuses-to-reveal-the-identity-of-this-investor/

the AO1 trust (one of the three trusts) had some 10 billion left a year or two ago.

If I remember correctly TPS appealed the Walrath decision which was later dismissed with the second amended GSA. IMO an escrow agreement was entered into by these trusts and the P holders which provides for JPM to service the monies and then the escrow agent will eventually split the proceeds 75/25. I do not know whether or not the receivership or JPM ever got the 4 billion yet, but it would seem that could only be paid at the same time the other monies were distributed to all P holders.

Anyway, imo research should be aimed at these trusts and perhaps contact should be made with Deutsche as trustee.