Mr Cooper Group Inc (COOP)

[steel58]

JoePick -- I don't think we can read too much into anything at this point. As was mentioned in a post by robigus, from JMW's ruling:

It seems as though a POR is fairly easy to accept in a bankruptcy. THJMW had to rule with what was presented and a few times in her ruling she states: "The Plan Objectors (EC) presented no evidence..."

Yet she states the plan for the most part was reasonable and fair, meaning iMO, she wants to approve, but make it as close to appeal-proof as possible and wrap this up, leaving anything further to be at shareholder expense. Again, IMO, if she were concerned about equity and fairness, she would have stated,

"The DEBTORS (WMI and those that prepared GSA/POR) presented no evidence..." , therefore, the great opinion I had planned to write is of no use now, and simply the plan (without documented valuation) is denied.

That could have taken 108 less pages. Clearly none of us knows what the jusge is thinking. IMO, it is one of two things.

1. I will somehow force a settlement so all receive something. Hopefully this denial will be in the right direction. If not, I am not sure how to proceed

2. I am tired of this case and will take the Hochberg approach -- Ignore testimony, evidence, the common sense and throw out some legal mumbo jumbo about how litigation would fail against FDIC and JPM, so I can just let JPM walk away legally with theft of 1.9 billion company and screw the common man.

Which is it? I honestly have no clue.