Mr Cooper Group Inc (COOP)

[dix]

This is not a reply but rather impressions of the 9/7/10 proceedings.

Herr Schnabbel(sp?) wrote the objection that was much admired on this and the Y board last week. From my point of view he was caught off guard by the request from Her Honor to speak.Being thrust unprepared into the public limelight would un-nerve most of us.IMO he acquited himself well dealing with foreign language leagalese and reserved a point for further objection if need be.

I'd like to point out the examiner's intention is to publish their findings with redaction only of the names and or identifying information of parties not directly involved with the transfer transactions, if Her Honor agrees.It seemed to me she was keeping a person by person redaction ruling option open.I note that the examiner made special mention of the information forwaded by the EC. The examiner team seemed less than buddy buddy with anyone and in my impression while in the courtroom were treated with the wary respect late commuters grant the Staties on a busy freeway.

The lawyer from SC for JPM who stated that the valuation documents TPS is seeking do not exist but that JPM will continue to look for them had some difficulty controling a self pleased smirk as he rejoined his cohorts until the senior member of their trio spoke at which point they went into heads adjoined conference with frequent Blackberry outreach.
The attorneys for TPS did not appear to be overly disconcerted by having their requests rebuffed.

As an aside this is a bankruptcy proceeding,Her Honor is in fact in control of any expenditures made by WMI and as such can grant or deny WMI's request for a shareholder meeting. WMI has not asked for such. To force a shareholder meeting on a company over the debtors objections is a matter not to be undertaken lightly.
That being said, Atty. Sargent seemed pleased,as in smiles between the team members, that the Court had set firm dates for discovery and a ruling on the shareholder meeting matter.

There were approximately 40 suits and 15 in mufti including the press excluding Her Honor and court functionaries.More toilers than I had expected for the amount of work accomplished. I wonder if the items to be resolved on the 24th will bring out the same crowd?

Lastly, Rosen asked for a continuation of resolution to the first week of December based on the expansion of the examiners research.There were no objections as long as the POR/DS is to be considered unresolved until that time.

If I remember correctly.

Ten