Mr Cooper Group Inc (COOP)

[barefoot123]

Ah, now that makes sense and under such a scenario, I can see what you are saying. However, you are wrong about one thing: the distribution does pass Class 16. Money goes to Class 17 as part of the settlement agreement. So I question if Class 16 can legally give WMI2 to an equity class such that it bypasses one group of lower debt (Class 18), yet doesn't bypass another group--WMB subordinated claims at Class 17, which is being given money under settlement terms. My hunch is that if the judge does rule DIME as Class 18, Art Steinberg will present a similar argument in his appeal.

And, if Dime is put in class 18 and receives nothing, what’s to stop them from going after the IT allegations. If the EC can go that route and make the trade with class 16, why can’t Dime?

I don’t see this ever ending unless JPM or Fdic steps in and makes a contribution to TPS and DIME.

I find it interesting that MW and S/G are saying vote yes on the settlement regardless of the outcome of Dime and TPS. It would be nice to know the future value they see in the company.