Mr Cooper Group Inc fka COOP

[distrojunky]

Yes, that's correct. It's in the POR that we have a claim for about $10B against the estate. With the 75%-25% split between Preferred and Common, that would be about 100% on Preferred and a little over $2 on the Common. Of course since we are on the bottom of the pile we get any left-overs. Any $ over $10B will also be divided the same, 75%-25%.

Although there may only be scraps left after over after paying the existing claims, we are hopeful Susman Godfrey will bring home the bacon from Goldman Sachs and the other 3rd parties through litigation.