Replies to post #479444 on Mr Cooper Group Inc (COOP)

[JusticeWillWin]

Here is the link to a web archive of the FDIC page:

https://web.archive.org/web/20160407034425/https://www.fdic.gov/bank/individual/failed/wamu_settlement.html

The version of April 7th 2016 states:

Current information indicates that the Receiver is unlikely to have sufficient funds to distribute to holders of receivership certificates issued to junior note holders or equity holders of WAMU.

The next version from August 25 2016 doesn't show this sentence any more:

https://web.archive.org/web/20160825063038/https://www.fdic.gov/bank/individual/failed/wamu_settlement.html

It was replaced by the paragraph:

On August 19, 2016, the FDIC Board of Directors approved a settlement among the Receiver, DBNTC and JPMC, which would settle the lawsuit filed by DBNTC, the Indemnification lawsuit filed by JPMC and all claims for indemnification made by JPMC against the Receiver, including two other lawsuits disputing JPMC’s responsibility for tax liabilities of the failed WAMU (“DBNTC-JPMC-FDIC Settlement”). In exchange for releases from JPMC and DBNTC, the Receiver will pay JPMC $645 million in cash in settlement of its administrative claims in the receivership and will give DBNTC an allowed general unsecured receivership claim for $3,006,929,660. The DBNTC-JPMC-FDIC Settlement agreement can be found at this link: DBNTC-JPMC-FDIC Settlement agreement - PDF.

Your post:

KK1234, Interesting fact that such a sentence was removed. Can you Post the direct weblink? TIA!