Mr Cooper Group Inc (COOP)

[sunshinevibrations]

To clarify the pre- and post-bankruptcy bondholders issue:

WMI is arguing that the WMB bondholders should not have standing to bring a case in bankruptcy court against WMI because their claims are derivative. They argue that the only claim that they could possibly bring would be the fraud claim, through which they would argue that WMI misrepresented the health of the bank in order to sell the bonds. However, even if they do bring the fraud claim, those bondholders who purchased bonds AFTER the bankruptcy cannot claim fraud because they knew the company was already in bankruptcy. That's the only relevance of the pre- and post-bankruptcy purchase.