Mr Cooper Group Inc fka COOP

[JohnnyWinter]

mordicai, they are two different things, but they are very much related imo.

She isn't going to rule to hand over the money to WMI without having heard all arguments related to the request to modify the automatic stay because if there is still the possibility that someone has valid set-off rights which would prevent the actual turnover of the money, or if there are other unanswered questions/undecided upon matters that are related to the turnover.

Before any of that happens, there will be a trial with discovery related to all aspects of the money in the dda including who authorized the transfer, when they authorized the transfer, why they authorized the transfer etc.

On top of that, even if she does rule that the $4 billion is WMI's, do you really think WMI will take all of their cash and give it right to their creditors? Of course not. Well, if they aren't going to pay their creditors in cash, then how will they pay their creditors?????? Will they pay them in the form of new securities?????????