Mr Cooper Group Inc (COOP)

[fsshon]

Jay.. We dropped because of how the traders felt when the Judge took a 5 minute break, it was unusual and that usually means she needs to confer with her clerks, colleagues or experts on what a ruling such as what and how Sargent was wanting her to rule would set a future precedent in the 3rd Circuit (and others as well). This is not a trailblazer judge, although authorizing an insider trading investigation and the 2019 of all funds by JPM in Dec. sure raised some serious eyebrows throughout the bankruptcy industry. The HF Lawyer made his case better than Sargent, so he won.. It is as simple as that. They produced what the EC asked for and what the Judge ordered, so they have complied. PPS goes up and down on a whim of what happens in that courtroom.

PORV6 as it stands.. NO! A Modified PORV6 with a leveraged equity in it.. YES.. The only thing that happened today against EC was they don't get anymore docs, they have to write their brief with what they have. I am sure they will do a very good job.

TPS stood in the way of the settlement, they have to be forced out of the way or discarded alltogether.. I remember about 1 andf 1/2 years ago when i I was welcomed on the GHOST board there was a poster there who did a large expose' on TPS, namely Blackhorse he said the following, because it has stuck with me.. These TPS guys are a problem, they can derail the whole process and now they could end up being preferreds who will never let the commons have one cent until they get every dime they feel they are entitled too..Guess who derailed the EC settlement 2 weeks ago?

What I heard in court today, was a Judge who was trying to stave off a breach in what is the core "crux" of a legal relationship and that being the attorney-client privilege and the fact that it can be easily breached by a Judge is not good, THJMW is lawyer, they are all lawyers, so they.. as well as the EC.. Do not think for one moment the Judge is going to force a Lawyer to turn over all privileged docs between them and their paying client. You're kidding me.. This Judge would have surely been overturned on an Exigent appeal if she approved the Hedge Fund lawyers giving the EC they secret communications between them and their clients. No way was Judge Walrath going to step in that hot horse shiat. Even a confidentiality agreement between the EC and the SNH's Attorneys would not guarantee secrecy.

Releases, NOL's and Rights is what is at stake her for us.. We have as much at this minute, as we had one day ago.. Nothing has changed except the EC is not going to get internal Attorney-Client privileged docs.

Why would we ever think any Judge would breach the core priniciple of hiring an attorney and reasons why that privilege has to hold. If your emails between you and your attorney are ever forced out in open public court, then that will essentially end the practice of secrecy between an attorney and their client, yes even in the case of fraud and murder a client is entitled to a defense that is prejudiced upon disclosures of internal communication. Do that and we need to all move away from USA, because it is over at that point and there is no way Judge Walrath is going to step on that coveted privilege.

~Don~