Mr Cooper Group Inc (COOP)

[JohnnyWinter]

"the $4 billion dollars has "NOTHING" i mean "NOTHING" to do about WAMU getting out of BK"

That's not what WMI's attorneys have stated.

Also, in response to this post:

Posted by: cents2ks Date: Monday, November 09, 2009 5:33:39 PM
In reply to: JohnnyWinter who wrote msg# 119347 Post # of 119352

Do you think they would exit BK, and wipe us clean, with all the litigation still pending?

If they did this and then later prevailed in court winning substantial damages...
...Do you NOT think the shareholders would have a MASSIVE tort against WMI for hanging them out to dry before the litigation was final?

NO WAY! Weil knows this would be suicide for WMI and HIMSELF.


It is more than possible that IF WMI prevails in their pie-in-the-sky lawsuits that the pre-seizure shareholders would be the ones that would possibly have claims to recovered monies.


In response to the following post:

Posted by: diamondguru-one Date: Monday, November 09, 2009 5:36:35 PM
In reply to: JohnnyWinter who wrote msg# 119352 Post # of 119353

lol...you dont say ???



I do indeed say, and so have the attorneys.