Mr Cooper Group Inc (COOP)

[newflow]

What was the deal between EC,WMI,TPS and JPM?
The Company also announced that on February 16, 2012, it, JPMC, the Creditors’ Committee and the Equity Committee have reached an understanding with certain holders of the Company’s preferred securities regarding the ownership of certain trust preferred securities that were issued prior to the Company filing for bankruptcy protection in September 2008. The so-called “Trust Preferred Consortium” and “TPS Group” (together, the “TPS Holders”) claimed that they owned the securities in question, an issue that has been contested by the Company and JPMC during the pendency of the chapter
11 proceedings. The Bankruptcy Court previously ruled in favor of the Company and JPMC in relation to this matter and recent motions seeking various forms of relief have been dismissed. Additional information regarding the terms of the settlement may be found in a stipulation and plan modification filed with the Bankruptcy Court on February 16, 2012.
https://www.sec.gov/Archives/edgar/data/933136/000090951812000087/jg02-2712_8ke991.htm