Mr Cooper Group Inc (COOP)

[fsshon]

It actually contributes to the "proof" that this case was and is a "miscarriage of justice." An Motion to replace should have been brought back when it was revealed that both the Lead Attorney firma and restrucuturing firm had an allegiance to JPM. Letting the SNH's negotiate a GSA that stopped at the WAHUQ series was and shoudl have been evidence enough that these firms were not adequately representing their clients. It was obvious in the first Plan Trial that these firms did not have our interests in minds, however they are not to be concerned with Equity. The court appointed an equity committee for this.

The EC should have gone hostile, instead of pacifying the debtors. They did not and therefore could not. Once the debtors roped the EC into the confidentiality agreement, they were basically nutured and had to comply. It was a brilliant move by Weil, it worked and it caused much grief on the equity side of the ball.

It is what it is and "lesson learned!"