Mr Cooper Group Inc (COOP)

[climberprof]

That is it?!?!?
So much for the expectations of a "fair" settlement!!!

"...........The tentative agreement carves out $30 million from Washington Mutual's bankruptcy estate to fund a litigation trust that shareholders and certain creditors could use to pursue legal claims against third parties, said Washington Mutual attorney Brian Rosen.

The agreement also calls for a noteholder group that includes four hedge funds supporting WMI's current reorganization plan to provide a $100 million credit line that stockholders in the reorganized company could use to make acquisitions in order to take advantage of certain tax breaks. The shareholders have said that those tax breaks, which will pass onto a new reinsurance company to be established as the successor to WMI, could be worth billions of dollars.............."