Mr Cooper Group Inc (COOP)

[newflow]

Subordinated claims will be paid prior to any distribution to former holders of equity interests in WMI.
Trust Beneficiaries who were projected to receive value on account of their Allowed Claims against the Debtors have been issued LTIs evidencing their right to receive distributions from the Trust if and to the extent sufficient cash is available with respect thereto. If and when distributions from the Trust become available to Trust Beneficiaries who have not received LTIs to date, additional LTIs will be issued to such Trust Beneficiaries in accordance with the Plan and the distribution priorities that are summarized in Annex C of the Trust Agreement.
Pursuant to the Plan, holders of claims in Class 18 (“Subordinated Claims”) will receive distributions before the holders of claims in Classes 19, 21 and 22 (the former holders of equity interests in WMI (“Equity Interests”)). As of December 31, 2012, outstanding allowed Subordinated Claims totaled $38.2 million. Furthermore, and as discussed in more detail in Item 3 of this Form 10-K under “Mortgage Pass-Through Litigation”, the Court has indicated that it will allow the Mortgage Pass-Through Claimants (as defined in Item 3) to re-file their proof of claim as General Unsecured Claims (as defined in the Plan) when recoveries are available to the holders of Subordinated Claims. The re-filing and ultimate resolution of Subordinated Claims will likely affect the amount, if any, of distributions that would otherwise be available to the former holders of Equity Interests.
https://www.sec.gov/Archives/edgar/data/1545078/000114036113014726/form10k.htm#market
That is when Mr.Nelson wanted equity should take the control of the trust and administrator took control and what did they do with the assets?.Whether the Mortgage-Pass thru claim was refiled in any jurisdiction?.