Replies to post #402354 on Mr Cooper Group Inc (COOP)

[chaarles]

I share your thoughts 100 %, I've thinking the same thing since approval of POR.

1.- TPS was fighting POR approval with fury, check Objection to POR v.7 dated 7th of February 2012.

http://www.kccllc.net/wamu/document/0812229120207000000000024
It worth a read, they were appealing to the Third Circuit and not accepting 70 % of WMIH and LTI's.

2.- Then they made deposition of the equity committee on February 13th 2012:

http://www.kccllc.net/wamu/document/0812229120210000000000005

3.- They made deposition of the debtors on February 14th 2012:

http://www.kccllc.net/wamu/document/0812229120210000000000006

4.- On february 16th 2012, (only 2 days after depositions) they signed the stipulation and agreement with the debtors, the EC, the creditors committee and JPM to accept the Plan, grant releases and drop all suits and appeals. They only received 5 % extra and 15 million in fees and 18 million from JPM.

http://www.kccllc.net/wamu/document/0812229120216000000000012

This makes you go hmmmmmm....................