Mr Cooper Group Inc (COOP)

[ReikoBlack]

It was for the benefit of ALL classes. There were other classes above Class 19 & Class 22 (collectively, Equity). The waterfall didn't reach any further than Class 18, with Class 18 not even being paid in full.

Class 19 & Class 22 were never issued LTIs so it's a mute point. And, i don't see the connection between us and Paladin. So, you can choose to entertain that idea.

"So, it should be easy to come to a conclusion that because the WMILT has been dissolved that they apparently liquidated any/all remaining assets and made all appropriate distributions."

IMO, its not easy to come to any conclusion.First, WMI transferred assets to WMILT for the benefit of former equity.
Second, WMILT mentioned that LTIs were transferred or to be transferred after the dissolution and winding up of vehicles used for the beneficiaries there to.WMILT cancelled as of Dec 2021,and formed Paladin in July 2021 with former WMI treasury executive while winding up the affairs of WMILT.
Paladin raised private capital in equity and other instruments.