Mr Cooper Group Inc (COOP)

[mordicai]

If memory serves, the $4 billion was settled via the Global Settlement Agreement. Walrath never had to rule on the summary judgment motion for the $4 billion. WMI received the $4 billion to pay creditors. The Senior Note Holders were the first to be paid with it. Nice trick since the SNH were the ones who negotiated the GSA. So if escrows receive nothing , it is because the SNH settled by giving away what otherwise would have been equity's. Then the equity committee complained to Walrath that equity should have had a say in those negotiations. Walrath refused. So if truth be told, the SNH and Walrath are to blame , if escrows do not get anything...not the members of the equity committee.