Replies to post #433801 on Mr Cooper Group Inc (COOP)

[dialer55]

Don't think Sussman would have said anything in the interview about wamu if it was going nowhere.

[tcr7309]

newbie, for all practical purposes sussman is done with wamu share holders. that dream is dead. The only reason sussman got involved is that they were paid by the courts. I doubt they are working on contingency with wamu escrows etc.. I never heard that and it is unlikely.

all imo

[PickStocks]

Suckman and Goof's

Another big win for the firm this year was the recovery of hundreds of millions in value for shareholders
of Washington Mutual Inc. when the bank won court approval for a $7 billion reorganization plan
resolving some legal claims related to its collapse.
After defeating two reorganization plans that would have wiped out equity completely, Susman Godfrey attorneys negotiated with the debtor and certain key creditors a resolution that provided
shareholders with 95 percent of the post bankruptcy WaMu plus other assets in a package worth hundreds of millions of dollars.

Right we have 7 billion dollars.........

[Rico Sworevey]

Their work was done when shareholders agreed to POR7.