Replies to post #397873 on Mr Cooper Group Inc (COOP)

[WithCatz]

creyno58 -- Well, sue if you want. But escrow tracking CUSIPs are the normal process. And in most bankruptcies they expire worthless, but are still issued 'just in case' so that there is a record of who-held-what upon bankruptcy exit.

Nothing unique about them in this case, or in their process of being created. They simply had the brokers cancel all old positons of 'shares' and do a conversion 1:1 to 'CUSIPs' for tracking -- handled just like when a company is bought out. The mechanisms are there for that at all brokerages.

If you chose to attribute anything that wasn't stated to your rationale, then that would be faulty Due Diligence -- failing to read the disclosure statement, failure to read the press releases, and failure to understand what a escrow tracking security is.

So sue for that.

...Catz

[Zalviny]

This is the USA, you can't sue them. There is no law.