Mr Cooper Group Inc fka COOP

[PickStocks]

WMILT’s mandate & mechanics — accurate:
Created to monetize assets and distribute per Plan 7; used liquidation-basis accounting; maintained a Disputed Claims Reserve and a Disputed Equity Escrow (escrow not booked as a Trust asset; trustee served as escrow agent).

“Contingent recovery for former equity” — narrowly true:
Plan 7 let equity (esp. Class 22) participate only if value remained after senior claims. Practically, equity did not receive cash; the contingent element was the escrowed WMIH/COOP shares, which the trustee handled per the plan/escrow terms.

Paladin Acquisitions Corp. — not in the record:
There are message-board claims, but no SEC filing, court order, or WMILT report stating that “Paladin” succeeded WMILT or received WMILT assets. Paladin’s Form D exists as its own private offering; that’s it.

Closure confirms no ongoing payouts:
Trustee’s Jan 9–10, 2020 notices: final $39M cash to Class 18; clean-up of Disputed Equity Escrow; case wind-down. No language about future equity money flows.

Bottom line: Your first sentence (what WMILT is/does) is right. The leap to Paladin or to ongoing equity money coming back isn’t supported by the 10-K’s, 8-K exhibits, or the final distribution notices. WMILT is done.

Show us the 10k or 8K or trusts and cusip and we can check form 10-D