Mr Cooper Group Inc (COOP)

[Bizreader]

This is a bank stock. This is a large bank's stock. The float is thin, it's national news, the suit is valid, imho. The legal team has just provided a A+ job filing. This document is a lesson in how it's done. The preparation for this suit took at least 4 months, and the plaintiff is well funded.

The seizure and transfer was a clumsy affair. Large investors want their money back! Tens of thousands of stock holders want a full accounting and they want any damages or stock value they can get after this sudden and brutal event.

A stock swap is a possibility. A settlement for damages is also a possibility. New records are set everyday. This was a record fast take over of a record size banking company in a record setting year for bank failures. So, old records are likely to be broken again.

WMI was WMB's holding company before WMB was seized and sold to JPM. See the math posted by diamond guru. It's simple math.