Mr Cooper Group Inc (COOP): WMILT motions to Authorize Sale of Runof...

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WithCatz

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Monday, 12/23/2013 9:49:06 PM

Monday, December 23, 2013 9:49:06 PM

WMILT motions to Authorize Sale of Runoff Notes

"As discussed more fully herein, WMILT seeks authority to sell the Remaining Runoff Notes to one or more third-party purchasers so that WMILT can distribute the cash proceeds thereof, rather than the Remaining Runoff Notes themselves, to holders of Allowed Claims in accordance with the Plan and Liquidating Trust Agreement."

12/23/2013 11538 Motion of WMI Liquidating Trust for an Order, Pursuant to Sections 105(a) and 1142(b) of the Bankruptcy Code, in Aid of Consummation of the Plan, Authorizing the Sale of Runoff Notes Held by WMI Liquidating Trust

http://www.kccllc.net/wamu/document/0812229131223000000000005

** PLEASE READ THE FILING **

This is approximately $95m that would then be distributed down to the former PIERS. Not yet to 'former equity' escrow.

...Catz

.... Please, just call me Catz ;) - - - - - {and the requisite, all IMHO, do your own due diligence, and make your own investments}