Mr Cooper Group Inc (COOP)

[joe513]

From Reuters:

Equity committee counsel Edgar Sargent of Susman Godfrey said his clients are "very happy" with the new plan. In addition to the $75 million bondholder contribution to the reorganized company, other creditors are contributing $10 million. "The reorganized debtor is going to be well-capitalized, and we think there's now a chance for shareholders to receive real recovery," he said. (The reorganized company will likely "acquire or build assets in the financial or insurance spaces," Sargent said, although he cautioned that it's too early to say for sure.)