Mr Cooper Group Inc (COOP)

[newflow]

Reiko,i requested your comments on why FDIC released a note on their website that JPM,FDIC and WMI contested for $20 Billion in assets and that contestation was released due to GSA.
"Bankruptcy Case
After WMI filed the Bankruptcy Case, WMI, JPMC, the FDIC in its corporate capacity (“FDIC-C”), and the Receiver became involved in several lawsuits contesting the ownership of over $20 billion in assets.

The parties reached a settlement in the Bankruptcy Case that was approved by the FDIC's Board of Directors on May 20, 2010, and WMI filed a plan of reorganization incorporating the terms of the settlement ("WMI Bankruptcy Settlement"). Several parties objected to WMI's proposed plan, in particular, WMI's proposal to release its claims against JPMC, FDIC-C, and the Receiver. At the request of WMI's equity holders, the Bankruptcy Court appointed an examiner to thoroughly investigate WMI's claims against JPMC, FDIC-C, and the Receiver, and determine whether the proposed settlement (which would release these claims) was fair and equitable to WMI. The examiner found that the WMI Bankruptcy Settlement was a fair resolution."
https://www.fdic.gov/resources/resolutions/bank-failures/failed-bank-list/wamu-settlement.html
Do you agree that there were atleast $20 Billion in assets at WMI at the time of GSA?.
Yes or no would suffice.
Reorg WMI received $7 to $7.5 Billion in value, where did the remaining atleast $13 Billion go?.
As per Lupus, it was about litigation matters.If it were litigations, why did FDIC states that they contested for atleast $20 Billion assets?.
Litigation is not an asset,is it?.
If you have two strong balls like me, respond to this.Thank you.
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And why did Judge Walrath did not take examiner's report into consideration?.
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