Mr Cooper Group Inc (COOP)

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LIBOR SETTLEMENT - ANYONE CORRECT ME IF YOU THINK I AM WRONG - THIS IS A TOTALLY SEPARATE SUIT (LIBOR) THAT INVOLVES A MAXIMUM of AROUND 70M WITH ONE DEADLINE OF THE LARGER AMOUNT of 68M HAS EXPIRED AND I BELIEVE THIS HAS NOTHING TO DO WITH SIGNING TIMELY RELEASES BY MARCH OF YEAR 2012 IN THE WaMu BK CASES

https://bondholderliborsettlements.com/Home


Welcome to the website for LIBOR Bondholder Settlements, filed in the United States District Court for the Southern District of New York (the “Action”).

In 2022, the Court granted final approval to seven settlements in the Bondholder Action with an aggregate dollar value of $68.625 million (the “initial Settlements”). Bondholder Plaintiffs have reached new proposed settlements with three additional banks: Bank of Tokyo-Mitsubishi UFJ Ltd. (now known as MUFG Bank, Ltd. (“MUFG”)), Credit Suisse Group AG (“Credit Suisse”) and The Norinchukin Bank (“Norinchukin”) (the “Subsequent Settlements”). These banks are known collectively as the “Settling Defendants.” The Subsequent Settlements, if each is approved, will create an aggregate Settlement Fund of $1.749 million.

In December 2021, the Court of Appeals upheld the District Court’s dismissal of the Bondholder Action on the merits, ending the case as to the remaining non-settling defendants. That dismissal is now final, and as a result, the Subsequent Settlements are the only remaining opportunity for members of the Bondholder Class to recover on the claims in the litigation. The only aspects of the Bondholder Action remaining before the District Court are the preliminary and final approval of the Subsequent Settlements and the ultimate distribution of the total aggregate of Settlement Funds from the Initial and Subsequent Settlements to members of the Bondholder Settlement Classes, and any related ancillary matters.

If you are a member of the Subsequent Settlement Classes, your rights will be affected, and you may be eligible for a payment from the Subsequent Settlements. The Subsequent Settlement Classes consist of:




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