Replies to post #545835 on Mr Cooper Group Inc (COOP)

[AaronTrainer]

Based on history, your post seems entirely likely.

[willie424]

The short question is WHY??? why couldn't it start tomorrow was there aruling to that effect? or just the usual procrastination THANKS

[gold-nugget]

Rosen can make a special payment with a courts approval.
Anything can be changed with a request to the court.

[hotmeat]

It could be <$40M because Class 17(b) and 18 have mostly settled claims with the LT that must be paid before equity.

At this point it looks more like $20-$25M will be available for distribution to equity, or possibly much less.

These payments are separate from the billions in debt still owed to WMB Bonds, Classes 17(a) + (b), by the FDIC.