Mr Cooper Group Inc (COOP)

[xoom]

So if 1.4 million WMIH shares better than $72 million cash , then WOW :)

No naysayers please.... we want to enjoy the MATRIX :)


JMHO

Underwriters_accepting 1.4 million WMIH instead of $72 million_cash as claim settlement, per recent 10-k SEC filing (see below)
Morgan Stanley, Credit Suisse, and Goldman Sachs must see some future value & advantage to accept shares of WMIH in lieu of cash..... Hmmmmmm IMO

Underwriters claim
"On March 28, 2013, the Trust entered into a stipulation (the “Underwriter Stipulation”) with certain underwriters (including Morgan Stanley, Credit Suisse, and Goldman Sachs, and collectively referred to herein as the “Underwriters”) who had filed indemnification claims totaling $96.0 million against the Debtors for legal fees and settlement costs incurred in defending securities fraud action claims brought against the Underwriters in connection with their role underwriting various security issuances by the Debtors. During the course of the Debtors’ chapter 11 cases, the Debtors objected to the indemnification claims and the claims were subordinated to Class 18 and Class 19 (as defined in the Plan). Pursuant to the terms of the Underwriter Stipulation, the parties have agreed that (a) the Underwriters’ $24.0 million Class 18 claim will be disallowed in full, and (b) the Underwriters’ $72.0 million Class 19 will be allowed in full. Accordingly, pursuant to the Plan, the Underwriters, as the holders of Allowed Claims in Class 19, will receive a distribution of approximately 1.4 million shares of common stock of Reorganized WMI from the Disputed Equity Escrow, such amount having been calculated in accordance with the Plan. The Underwriters have also reserved any rights they may have to defend against claims brought against them by the Trust and have released the Trust from any possible affirmative claims."

www.faqs.org/sec-filings/130401/WMI-Liquidating-Trust_10-K/