Mr Cooper Group Inc (COOP)

[jhdf51]

http://www.nacdl.org/public.nsf/whitecollar/wcnews133?Opendocument

Scum of the earth here...Weil that is. Amazing...dirt floor.



For the lawyers involved, the outlines of the story aren't flattering. A kind reading of the facts suggests that at best they unknowingly enabled a vast fraud to be perpetrated. How did such a corrupt company operate for years under the eyes of not only Mayer Brown, but also Weil, Gotshal & Manges? (Weil was Refco's lead outside counsel in the year before it went public.) How did both firms miss the red flags? Why did neither firm ask the questions that would have at least contained this massive scandal?