Mr Cooper Group Inc (COOP)

[DudeBug]

“Find it or face a deposition” on October 1st.


Find it = Rock . . . or face a deposition = Hard Spot


Sounds like the Judge seized the opportunity to make a master chess move when JPM legal left themselves wide open with the "can't find the valuation" remark.

As you stated, William, JPM backed themselves into a bad place on the chess board ... do they have any play left with the TPS on one side and the Examiner on the other.

Thanks for your insightful analysis of this situation.

It is very important because getting TPS rightfully linked to their assets & their value and off the WMI column moves more value into Preferreds and possibly to commons if WMI can retain all or most of the tax returns. Bit by bit equity gets to take over the company again and toss out the thieves!