Mr Cooper Group Inc (COOP)

[WithCatz]

Transcript of the Tricadia ruling -- with original input from Nightdaytrader9 (gb)
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Unofficial Transcription, removing the human "uhs..."  and inserting a few -- conceptual words of mine in {xx}
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THJMW:
"Well, let me say this, I am going to grant the motion, for a couple of reasons:  

Number one, it is not unusual, that a Debtor would request this in order to preserve, possible benefits such as an NOL,

Secondly, I think that to the extent the debtor is correct in their claim that, imminently confirmable and will be confirmed in a week, the imposition on the creditors who are the ones being imposed upon will be di minimus,

It will simply, effect a restriction on trading for a very short period of time, and against the possibility, that additional NOL usage may be realized.

{however}

If the plan is not confirmed {or} then it is modified by agreement, I think is certainly worth the cost.."
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IMHO -- she's staying neutral, even if she has an opinion -- giving both options -- and not tipping her hand -- "to the extent the debtor is correct in their claim"


...Catz



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