Mr Cooper Group Inc (COOP)

[steel58]

From article found on yahoo:

http://www.reuters.com/article/idCNN2026582720100720?rpc=44

The shareholders could complicate the case further. They want permission from the court to hold a shareholder meeting to elect a new board. To counter that risk, creditors have asked the court to convert the case to a Chapter 7 liquidation under the direction of a court-appointed trustee.

Walrath said she would also take up on Sept. 7 the issue of an annual shareholder meeting.

Did anyone hear this at the hearing yesterday? I didn't, but I was listening off and on. I don't think with an examiner appointed, at this point THJMW will go with a Chapter 7, but I am looking for opinions of those that are more legal savvy than myself.