Replies to post #516435 on Mr Cooper Group Inc (COOP)

[ItsMyOption]

LP, From Last FDIC report Last Updated: 03/22/2018

The settlement did not resolve certain claims by the Receiver against JPMC, including the Receiver’s claims against JPMC relating to its alleged participation with other banks in manipulating certain benchmark rates and markets (LIBOR, interest rate swaps, ISDAfix, treasury securities, credit default swaps, and foreign exchange rates). It also preserves all claims of the Receiver against other persons who caused losses to WAMU prior to its failure, including claims relating to restitution orders and all regulatory and supervisory claims of FDIC-C. The Receiver anticipates that it will make a final distribution at a later date. It is unlikely that the Receiver will have sufficient funds to distribute to holders of receivership certificates issued to WAMU subordinate note holders or equity holders.


It is obvious that more littagation is still going on and JPM for one will need to pay up for actions caused.

[Split T]

That is a great question Mr. Panda as I've been very curious myself as to the status. Sure hope someone has some valid information to share. thanks for asking.