Replies to post #546332 on Mr Cooper Group Inc (COOP)

[hotmeat]

1) Allowed Rule 510b Subordinated claims (at least $15M so far)

2) Preferred Stock claims (???)


as per Exhibit H, the Waterfall Recovery Matrix on pg 219 of 767 (PDF copy) in the Confirmation Order.

[hotmeat]

So far $15M owed to Class 18 claimants with some (minority) possibly still to be litigated.


WMILT 2018/10/30 QSR

Quote: "By order, dated January 19, 2012, the Bankruptcy Court approved a stipulation and agreement by and among the Debtors and certain holders of WMB Notes Claims (as defined in the Plan) that asserted Misrepresentation Claims, providing, among other things, that such holders would receive an Allowed Subordinated Claim (as defined in the Plan) in the aggregate amount of $15 million on account of the claims asserted by such claimants and, furthermore, that such claimants withdraw, with prejudice, any appeal of the Court’s order. The Trust believes that the majority of the outstanding Misrepresentation Claims have been resolved pursuant to such settlement agreement. The remaining holders of Misrepresentation Claims remain unliquidated and disputed. The Trust will litigate its prior objections to these claims should recoveries reach Class 18 (Subordinated Claims)."