Mr Cooper Group Inc (COOP)

[NASCOW]

Let me remind you again...Without the required 2/3 majority [of preferred?], no lower priority claim could be paid until the preferred shareholders were paid in full - Even if the plan was confirmed

That meant common shareholders might get nothing, despite agreeing in December to settle their hard-fought objections in return for a stake in the reorganized company.

...so obviously TPS received more than meets the eye