Mr Cooper Group Inc (COOP)

[Large Green]

WMI PR Makes "MARKET WATCH", this is absoulutely huge for a rise in share prices.

When market watch speaks, things happen.
http://www.marketwatch.com/story/shareho...

press release
Jun 4, 2009, 4:28 p.m. EST

Shareholders of Washington Mutual Inc. Breath a Sigh of Relief
PHOENIX, June 4, 2009 /PRNewswire via COMTEX/ -- For the last eight months, Washington Mutual Shareholders (WAHUQ, WAMPQ, WAMKQ, WAMUQ) have been hunched over their computers, trying to keep up with voluminous information about the Washington Mutual Inc.'s forced bankruptcy, when WAMU bank was seized and sold in what shareholders perceive to be a hostile takeover by JPMorgan Chase of the well capitalized WAMU bank.

The counterclaim filing in Federal Court in Washington D.C. on May 29, 2009 has shown their diligence is paying off. It appears more clearly now than ever they will recoup their phenomenal losses from the lawsuits filed regarding this case. Shareholders have seen the share price increase dramatically since the seizure of WAMU bank in September of 2008, when it dropped nearly to zero, and anticipate further upward movement due to the excellent attorney teams that are representing WMI. They are quite pleased with their attorney representation in this matter.

The 335 page filing in court by Elliott Greenleaf and Quinn Emanual Urquhart Oliver & Hedges, LLP is detailed and comprehensive, bringing up all the points shareholders have been discussing for months. A copy of the court counter claim filing is posted on www.wamustory.com. The prayer for relief which begins on page 132 has 18 specific counterclaims. They are demanding fair market value for the assets that were seized, restitution in an equal amount to JPM's unjust enrichment and multiple other significant monetary damages. Their demand for payment of patent and trademark infringement alone, are treble damages of $6 Billion. They have demanded a jury trial in this matter.

Shareholders have gathered at websites such as www.wamucoup.com (950 members) www.wamuequity.org (796 members) as well as yahoo and google financial sites, to share their "due diligence" with each other over the last eight months. Shareholders should register their shares at www.wamuequity.org to give more strength to their fight for an Equity Committee in this case. Shareholders feel an Equity Committee is their best protection.

Weil, Gotshal and Manges, under the leadership of Marcia Goldstein, have put together an excellent team of attorneys that read like a "who's who" list of the best and brightest firms in the country. Shareholders will continue to watch everything in this dramatic and complex case.

SOURCE www.wamuequity.org

http://www.wamuequity.org


Copyright (C) 2009 PR Newswire. All rights reserved


Most Popular
Most readMost commented 1.Consumer Reports' top toys for holiday gifts
2.Silver outshining gold as an inflation play
3.U.S. stock futures waver as recovery debated
4.Financial-services bellwether delivers for bulls
5.Crude approaches $70 as jobless claims dip
Financial-services bellwether delivers for bulls U.S. stock futures waver as recovery debated Stocks mixed as retail reports offset jobs data Crude approaches $70 as jobless claims dip Silver outshining gold as an inflation play
Partner Center
Featured Stories
SEC charges ex-Countrywide CEO Mozilo with fraud
The Securities and Exchange Commission files fraud charges against former Countrywide Chief Executive...

Golden coffins: 10 of the most egregious CEO perks
Guess surges in late trades on quarterly results
Shares of Guess vault higher after the apparel retailer forecasts quarterly earnings above Wall Street...
Rio Tinto reportedly rejects Chinalco deal
Mining giant Rio Tinto PLC has decided to reject a $19.5 billion deal to sell part of itself to China's...
At least Rio Tinto didn't compound its mistakes
In backing out of the Chinalco deal, which never received a warm reaction from its top shareholders in any...