Replies to post #543310 on Mr Cooper Group Inc (COOP)

[Johnnyiwantsome]

Everyone needs to understand this from the FDIC

ATTENTION: The reference to "Schedule 3.1a" in Article III, Paragraph 3.1, (page 9) of the
WAMU P&A Agreement is a scrivener's error—there is no Schedule 3.1a

What is a scrivener's error?

Doctrine of Scrivener's Error Law and Legal Definition

Doctrine of Scrivener's error is a legal principle which permits a typographical error in a written contract to be corrected by parol evidence if the evidence is clear, convincing, and precise. However if such correction affects property rights then it must be approved by those affected by it. Scrivener's error is an error due to a minor mistake or inadvertence and not one that occurs from judicial reasoning or determination.


So you all just think Susman & Godfrey the EC and all of our attorneys just said we will just let that slide..... I really do not think so. So as to what and when ...we will see but we did not sign releases for the little bit we got...The law is clear and I as many believe restitution will be paid.

Best Regards,
B

[jerrylev]

Through various filings, JPM acknowledged that it didn't buy the whole WMB for 1.9B and the FDIC has said that it has retained some assets from the sale. Nobody has said publicly how much was retained by the FDIC but Justice looked at some balance sheet and saw 40B. That's the best estimate we can do at this point,

But my point is that 299B does not equate to 299B in cash because assets have liabilities, and then most were sold to JPM for 1.9B which is the FINAL price and we signed release to accept it.