Replies to post #534613 on Mr Cooper Group Inc (COOP)

[BBANBOB]

Mordi
But those claims have a set aside for them in force now! So whether or not solvent or insolvent it could close , OH BUT wait we have other bond holders in line still in front of us, and one can ONLY GUESS we need to come up with an additional what 13 bill???????

Waiting on funds to SHOW up are we??????????????

[hotmeat]

I could be misremembering but wasn't the LT willing to pay the claims but the FDIC intervened and objected, thereby scuttling any resolution?

Also, the insolvency you referred to was back in 2008 which led to the seizure of WMB correct???

What is at issue is whether there was a Change in Control, since that event would have contractually triggered the parachute payments to those employees.


I believe the hearing on the CIC issue is scheduled for February, 2019.