Mr Cooper Group Inc (COOP)

[ron_66271]

Fifth Amendment Taking.

That case was heard in DC. WMI sued the FDIC for $307.2 Billion as a 5AT. The FDIC didn’t have the authority to seize a Holding Company’s property. The OTS and WMI had a Memorandum of Understanding that the two banks, WMB and WMBfsb would shore each other up as needed. That is what was happening before the illegal seizure. 5AT.

JPM became an Intervener and the Judge ruled that JPM is to pay full book value for WMB and it’s Assets as of the seizure date.

Tolling Agreements.
Tolling Agreements are not public.



Ron