Replies to post #479811 on Mr Cooper Group Inc (COOP)

[condor11]

What was dealt with in Trubunal on the 16th of June last was the following, at the request previously of the German Bank or the Trustee respectfully requests that this Court introduces two orders as follows:
A. Order of Approval
(1) The determination that the Trustee has acted reasonably and in good faith within the limits of the discretion to enter into the Agreement; [This is (i) 1.04 pick of the JPM / DB / FDIC solution)
(2) Upon verification that the certificate holders received sufficient legal notice of the present proceeding and the opportunity to object;
(3) Unless any holder of a certificate claims to be lodged against the Trustee on the basis of its prosecution of the action and negotiation of, and entry into, the liquidation; Y
(4) The statement that the Agreement and each of the documents under which it is effected - Conciliation Agreement and the JPM Trust Agreement - is binding on trusts. [This is (iv) 1.04 pick of the JPM / DB / FDIC solution]
The audience was attended by representatives and lawyers of Banco Aleman who were satisfied with the development of the audience
B. Assignment Order: direct that the liquidation Profits are shared between the trusts and between the classes of securities issued by each trust
Based on the net loss percentage or on the basis of any other methodology approved by this Court. "
WaMu holders of securities wishing to be heard in connection with the petition may be heard and heard before the Court. The Court has scheduled a hearing on the petition on June 16, 2017 at 9:00 am in the courtroom of Department No. C07 of the Superior Court of Orange County, located at the Justice Center, 700 Civic Center Drive West, Santa Ana, California 92701. "


This has to do with the solution. Plaintiffs may agree to stipulate some or all of the measures requested in the court of evidence. If they do not, the hearing 06/16/17 will continue. Anyone who doubts the above can request the document. It is 122 pages. I was given this information for the benefit of Rajiv as he has been very generous in keeping his eyes open for the evolution of the CA court.