Mr Cooper Group Inc (COOP)

[AZCowboy]

~ COOP' The Mr Cooper Group as a 10K SEC allowed (registrant) Subsidiary Group, July 2018, (name changed in October) ... WMIH Converts to Delaware May 2015 ... WMI The Holding Company' Reorganizes March 2012' ~

The Debt Structure;

(The Piers Are Capped by the Court)
In the event a bankruptcy or reorganization is commenced by or against Washington Mutual, a bankruptcy court may decide that unexercised warrants are executory contracts that may be subject to Washington Mutual's rejection with approval of the bankruptcy court. As a result, a holder of warrants may not, even if sufficient funds are available, be entitled to receive any consideration or may receive an amount less than such holder would be entitled to receive if such holder had exercised its warrants before the commencement of any such bankruptcy or reorganization.

(The FDIC Has Not Completed The Receivership YET)
Pursuant to the declaration of trust, the Trust shall automatically dissolve on the first to occur of: (i) certain events of bankruptcy, dissolution or liquidation of Washington Mutual, (ii) the distribution of the debentures to the holders of the trust securities, (iii) the redemption of all of the preferred securities in connection with the maturity of all of the debentures and (iv) the entry by a court of competent jurisdiction of an order for the dissolution of the Trust.

(The Senior Debt' and ALL Court Approved Debt' Has Been Paid Entirely)
By reason of the subordination, in the event of Washington Mutual's bankruptcy, dissolution or reorganization, holders of Senior Indebtedness may receive more, ratably, and holders of the debentures may receive less, ratably, than the other creditors of Washington Mutual. Such subordination will not prevent the occurrence of an Event of Default under the indenture.

(Releasing Plan 7 Participants, Are The Holders of the Trust Securities Financial Production)
Upon any voluntary or involuntary dissolution, winding-up or liquidation of the Trust involving the liquidation of the debentures, the holders of the trust securities will be entitled to receive, out of assets held by the Trust, subject to the rights of creditors of the Trust, if any, the liquidation distribution in cash. See "Description of the Preferred Securities—Liquidation Distribution Upon Dissolution." Upon any voluntary or involuntary liquidation or bankruptcy of Washington Mutual, the Property Trustee, as holder of the debentures, would be a subordinated creditor of Washington Mutual, subordinated in right of payment to all Senior Indebtedness as set forth in the Indenture, but entitled to receive payment in full of principal and interest before any stockholders of Washington Mutual receive payments or distributions. The positions of a holder of preferred securities and a holder of the debentures relative to other creditors and to stockholders of Washington Mutual in the event of liquidation or bankruptcy of Washington Mutual should be substantially the same.

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The Settlement,

https://investorshub.advfn.com/boards/read_msg.aspx?message_id=172393249

In its capacity as a creditor, WMI claimed, among other things, that;

(I) the FDIC dissipated WMB’s assets by selling substantially all the assets of WMB to JPMC rather than liquidating WMB’s assets, and thus the FDIC breached its statutory duty to maximize the net present value of such assets, and therefore owes damages to WMI;

(ii) the FDIC’s wasting of WMB’s assets constitutes a taking of property without just compensation in violation of the Fifth Amendment to the United States Constitution;

(iii) the FDIC’s refusal to compensate WMI for property taken in the receivership constitutes a conversion of WMI’s property, actionable under federal law;

(iv) the FDIC’s refusal to compensate WMI for property taken in the Receivership constitutes a conversion of WMI’s property.

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(Docket # 5885 was the agreement, ... Doclet # 9901 was the completion of the agreement by BOTH', ... WMI and the FDIC ... as WMB Was Released and Serviced by JPM)
Docket # 5885 was the GSA Settlement Acknowledgement Between WMI and the FDIC;
http://www.kccllc.net/wamu/document/0812229101112000000000029

And, With Only The "Equity Interest" in WMB Originally Being Released, Docket # 9901 was part of WMI's Portion of the GSA Settlement Realized while the litigation continued to a settlement in D.C. ... "Globic" ...
http://www.kccllc.net/wamu/document/0812229120316000000000016

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Now Reorganized as an SEC allowed Subsidiary, COOP' and holding a pps above $50.00 ... if this is maintained ? ... the Debt Structure is Released' ... Finally'

just sayin'

AZ