Mr Cooper Group Inc (COOP)

[NASCOW]

I didnt see a reply to one of my recent posts and was wondering if someone with knowledge of the NOL's would be kind enough to elaborate

If/When WMI wins the rights to NOL's would WMI reporting the NOLs restrict future trading in our shares as to prevent WMI from forfeiting the tax benefits as LEHMAN has stated could happen in their BK? Does this apply?

Recent action by LEHMAN
Lehman has accumulated $48 billion in net operating losses, or NOLs, which it aims to use to offset taxes on an eventual sale of its assets to benefit creditors, according to a U.S. Bankruptcy Court filing.

Lehman so far has raised $17.2 billion in cash and intends to recover $40 billion to $50 billion in the next five years by selling real estate and other assets, Chief Executive Officer Bryan Marsal said in an interview last week.

U.S. tax law allows bankrupt companies to use accumulated losses to offset taxable gains on such sales as long as the corporate ownership doesn’t change, Lehman said in yesterday’s filing.

The defunct investment bank’s NOLs have more than quadrupled since it filed for bankruptcy in September 2008 with $613 billion in debt. Lehman said in bankruptcy court the next month its net operating losses were “in excess of $10 billion.”

Lehman reported the NOLs yesterday as part of a move to restrict future trading in its shares so it doesn’t forfeit the tax benefits. If the bankruptcy judge approves its request, investors would no longer be permitted to trade freely when Lehman starts to implement a reorganization plan or “other court-approved transfer of assets,” it said in the filing.