Replies to post #536298 on Mr Cooper Group Inc (COOP)

[hotmeat]

Does this part hold any significance re the document and the date??? The Seventh Amended document was actually passed.


Quote: "and does not constitute a withdrawal or release of any rights under the Second Amended and Restated Settlement Agreement, dated as of February 7, 2011, among WMI, FDIC and the other signatories thereto (as amended, the “Global Settlement Agreement”)."






Abandonment Motion

[jerrylev]

Does it mean that by abandoning WMB, WMI would also forfeit all interests in WMB?

I don't know which one is more beneficial for escrow:

- Abandoning WMB and get the 6B NOL for WMIH

- Retain the rights in WMB and have no NOL

As bad as it is, I deduct that if there is nothing left in WMI, they would not have abandoned WMB for a NOL. Or the EC could be crazy and did this no matter what.