Mr Cooper Group Inc fka COOP

[jhdf51]

I appreciate the passion, but respectfully, speculation isn’t proof. Therein lies my problem.

If something is truly off the books or within a private trust, then by definition there is no legal pathway for WMI equity holders to claim value unless it’s documented in court or included in the Plan of Reorganization. True or false?

The bankruptcy court had jurisdiction over all known and contingent assets during WMI’s Chapter 11 process. If WMI was a beneficiary of any Special Purpose Vehicles (SPVs), DSTs, or off-balance-sheet trusts, they had the obligation to disclose that interest under bankruptcy law and failure to do so would be fraudulent concealment, which would have been challenged.

Regarding Justin Nelson — hearsay about a contempt threat isn’t proof of hidden assets. Courts do seal things for many reasons, but sealed does not mean “valuable to equity holders.” If there’s no documentation in the court record of WMI owning or being a beneficial recipient of those assets, there’s no legal claim for equity imo.

Finally, even if WMI were a minor beneficiary of some off-book trust the court already ruled that all known value was insufficient to satisfy higher-priority claims. Equity was canceled by the Plan, and that’s binding unless reversed which it wasn’t.

I’m open to evidence but until someone produces actual legal documentation (not theories), the conclusion remains: no recovery for us. Imo

Respectfully,

JHD