Mr Cooper Group Inc (COOP)

[lodas]

that statement was made so that the Litigating Trust would not use up the 20 million dollars to pursue further court action to retrieve assets... remember the Litigating Trust took the employees claims to court for several years and won the case, thus releasing the DEE shares for distribution to new share holders who had valid escrow markers... i addition, WMI tried to bring the FDIC to court for 20 billion dollars , but the court shot it down, for lack of substantial evidence that WMI was damaged... also , JPM threatened to countersue WMI for 27 billion dollars...WMI knew the could not prevail in court, so they abandoned all efforts to pursue litigation cases by the WMIL-T , thus preserving whatever was left of the 20 million allotted to be spent on court cases... in addition, Rosen stated, that the Litigating Trust arm of WMIL-T had ceased to pursue court cases in order to conserve money that was going to pay creditors...possibly a breakthrough in the GSA negotiations was forthcoming, in which WMI was going to get about 12 billions in relief for their 20 billion dollar claim without having to go to court, and possibly lose.... Lodas