Replies to post #545423 on Mr Cooper Group Inc (COOP)

[AZCowboy]

~ DmDm, This Is "Not" Applicable To A Class 19 ~

... How are you coming to the conclusion that this settlement had anything to do with a Class 19 WMI Preferred ? ... That ? Is Not What The Actual Settlement' States ...

"With respect to the Settlement with the Individual Defendants, in light of the pendency of WMI’s bankruptcy proceeding, the inclusion of WMI as a Settling Defendant and the fact that insurance proceeds are being used to fund the Settlement, the parties have agreed that within days of the entry of the Preliminary Approval Order in this Action, WMI will file a motion with e bankruptcy court for the limited purpose of obtaining authorization for WMI to enter into the Settlement and authorization, to the extent necessary, to use the proceeds of the D&O insurance policies to fund the Settlement. WMI’s motion will be similar to the motion put before and granted by the bankruptcy court in connection with the settlement of the parallel ERISA action, In re Washington Mutual ERISA Litigation, Lead Case No. 07-cv-1874."

Case 2:08-cv-00387-MJP Document 308 Filed 06/30/11

http://securities.stanford.edu/filings-documents/1038/WM_01/2011630_r01t_08CV00387.pdf

AZ

[xoom]

Dmd, excellent analysis as always . Thank you.

[jerrylev]

Dmd, I think that you and the biker are discussing apple and orange. You said that the underwriters chose to have their claims under class 19, and actually lumped together with class 22 in tranche 6, instead of being in class 18. I agree with you.

The biker nevertheless talks about something else that nobody has any idea of what he is talking about.

So it is strange that a lot of people want to be with common including TPS and the underwriters in Tranche 6. HHMMMMM.