Mr Cooper Group Inc (COOP)

[dugit69]

Biz, I agree that this is great news for justice and not sure how this will play out but the waterfall might see some funds. If I remember the bond holders settled for around 355 million and owed around 6.2 billion. Not sure how the settlement with bondholders was structured if they are able to collect more through fraud. JP Morgan was still taking an additional 6.9 billion at time of settlement. The bank debtholders also had around $2.4 billion in claims filed with the FDIC receivership and I am not sure how this was handled.

I agree that there is a lot of funds that might be in front of common, P's and K's but there are 16 major banks along with 2 major UK organizations that participated in the alleged fraudulent scheme. Damages will be in the high billions if proven.