Replies to post #504078 on Mr Cooper Group Inc (COOP)

[wamugold]

I dont see how that could happen if there was wrong doing I believe they called it colorful claims. Did that ruling applied only for preferreds??? and not for commons

[mordicai]

True. But it is not just an either or. The hedge funds could have agreed because they were pleased with a rate of return less than par on the P's and K's (we do not know what their cost basis was but probably pennies on the dollar) and decided to throw commons a bone so that the matter would be resolved saving time and lawyer costs.

[shawnmac64]

preferred,,probably shoulda went to jail !