Mr Cooper Group Inc (COOP)

[dix]

With Catz,

The Veil Piercing arguement made in Marathon et al was rejected by the court. The Court also upheld that the bonds/notes in that instance are analogous to securities. Today the denial of Tranquility's claim was at least partially based on Tranquility's holdings being analogous to unregistered securities and the corporate Veil argument held again.

If WMI elects to treat the WMB securities as members of a class with possible redress due from the parent in addition to giving them $335 millions is WMI poking at the veil hard enough to tear it?

I understand the argument in your previous post to be WMB is a stalking horse fulcrum.Is it possible that strategy could backfire on the Debtors? Does placing WMB bonds/securities in a position to reap benefits beyond the agreed $335 millions if there is,in fact, substantial volume in the waterfall open the door to parties with equatable claims?

Thanks,

Ten