Replies to post #536316 on Mr Cooper Group Inc (COOP)

[jerrylev]

Justice, do you think that this LIBOR lawsuit or interest rate fixing lawsuit is related to our payment delay? How can it be?

Sure it is a lawsuit on behalf of the failed banks but it is more of a punitive penalty from the government. The Treasury dept will pocket all punitive damages.

[RajuSondh1]

The Federal Deposit and Insurance Corporation has filed an up to $400 billion court case in London over the rigging of Libor those years ago.

https://www.forbes.com/sites/timworstall/2017/08/17/the-fdics-libor-rigging-case-is-a-serious-problem-heres-why/#4e35758e42da