Mr Cooper Group Inc (COOP)

[mordicai]

Well I suspect we are being held in the dark, because they intend to screw us without us knowing about it so we cannot complain. That is why I welcome Alice's newest attempt at finding out if the (a)Underwriters claim was proportionally allocated among all the p's and not just to the retail preferred (b) that TPS p's do not walk away with everything or more than TPS is due and (c) that there was a fair arms length valuation of any and all assets to be distributed. The LT has clearly told us, there is nothing to distribute. How do you verify that other than through litigation.

I would suggest you first read the facts of this case. https://h2o.law.harvard.edu/cases/5821
The case was filed in 2009 and decided in 2015. Now note that the gsa was enacted in 2012 and indicated that there are no side agreements. If JPM's ownership was changed by the gsa, JPM imo would still have not been the Plaintiff in that case when the decision was rendered. Instead the true or subsequent owner would have been substituted. So either JPM ended up owning them, or agreed to pay for them. But there are not suppose to be any side agreements so how can the latter be true.

Then read the first 14 pages of the TPS lawsuit. The lawsuit explains the WA Funding Trust III which is designated on retail 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. Basically there were three trusts that backed the preferreds. According to the Delaware Business search two of those trusts still exist. JPM won the case so got a $4 billion
liquidation preference in those trusts. I do not know if or when JPM got paid. But it seems that even after JPM is/was paid that a couple billion should be left for the P's.

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

That is a good start for you. Others perhaps can provide schedules of various mbs .