Mr Cooper Group Inc fka COOP

[Jestiron]

Because we (I) don't understand why there would be a restriction like that applied to settlement terms as you are stating. While I cannot say you are wrong, my rationale tells me that what you are suggesting (cash only settlement) makes no sense.

In addition, there is also the JPM/Lehman/Barclays case where the BK judge allowed a settlement which was BOTH cash and securities! This was the basis for MY prediction that any settlement between WAMUQ and JPM would be completed via a cash payment AND a share swap. Here is a reference for you...

NEW YORK (Reuters) - A U.S. bankruptcy judge approved a settlement calling for $1.27 billion (£857 million) in cash plus securities with a face value of $5.7 billion to be transferred to Barclays (BARC.L) in connection with its purchase of the core U.S. brokerage business of Lehman Brothers Holdings.

Here is the link for you...
http://uk.reuters.com/article/idUKTRE4BL3UM20081222

So, Cash is NOT the ONLY way....

You said:
"[T]here is absolutely no way that in a lawsuit that it can be settled via a stock swap. [C]ash only. Cash, not stock."

Hope this helps clarify this issue for the board.

AJest