Mr Cooper Group Inc fka COOP

[General Grievous]

so let me get this straight.

when wamu was seized by the government, then siold to jpm for 1.9B wamu shareholders got nothing out of this?

This is my first bk play so im clueless as to how a settlement would be transferred to common stock holders. if jpm settles for 3.7 billion, how and where is that money transferred? what im thinking is if they get 3.7billion that will be divided by 500 million shares (or however much it is) and itll be like an instant buyout type of transaction for us shareholders?

Or will the stock just gap up huge corresponding to the amount of the settlement and we just sell our shares? or will wamu emerge once again as some new company with 3.7 billion making the stock very valuable?