Replies to post #484949 on Mr Cooper Group Inc (COOP)

[Johnnyiwantsome]

Bank (“WMB”), which was placed in FDIC receivership on September 25, 2008,have brought constructive and actual intent fraudulent conveyance and preference
claims against the FDIC to recover certain amounts transferred to WMB before
its failure. See Complaint, ¶¶ 25-44, Washington Mutual, Inc, v. FDIC, Case No.
1:09-cv-00533(RMC)(March 20,2009). The FDIC has not raised Section 730 as a
defense, presumably because WMB was never issued a directive to raise capital. See
Memorandum of Law in Support of the Partial Motion to Dismiss of Defendant
FDIC, as Receiver for Washington Mutual Bank, pp. 23-27 (moving to dismiss
fraudulent transfer claims on other grounds).
20 See Asarco, 396 B.R. at 369; In re Alder, 263 B.R. at 443; In re Formaggio Mfg., 23

[PickStocks]

also, if WMB had such $25B, HOW COULD IT BE HIDDEN?

In BK case with shareholders in-tack or dismiss. a company chooses not disclose hidden assets such as cash can hide assets and will hide if they are going to re-organized out of BK. Too Many times companies have stated no money or assets for waterfall to shareholders....than to everyone's surprise.....there are assets that just appeared after the exit from BK.........

You must not have been involved in too many BK's........