Replies to post #552970 on Mr Cooper Group Inc fka COOP

[Dmdmd2020]

Austin,

I understand your skepticism, but I’ll ask this question to you and everyone else:

Why did the Ex-employee Claimants fight so hard to keep their vested equity interest claims alive ? The November 19, 2018 filing states that the “surviving claims” included the vested equity interest claims.

Per document #12563 filed on November 19, 2018:


http://www.kccllc.net/wamu/document/0812229181119000000000001

“CERTIFICATION OF COUNSEL REGARDING CONTESTED ORDER (A) (I) DEEMING CERTAIN CLAIMANTS’ CLAIMS DISALLOWED, (II) AUTHORIZING THE DISTRIBUTION OF CERTAIN FUNDS IN THE DISPUTED CLAIMS RESERVE, AND (III) DISMISSING CERTAIN OF THE WMI LIQUIDATING TRUST’S ADVERSARY PROCEEDINGS AND (B) DENYING MOTION OF CERTAIN EMPLOYEE CLAIMANTS FOR ORDER DETERMINING APPLICABLE LAW NECESSARY
TO IMPLEMENT DEBTORS’ CHAPTER 11 PLAN“

This was a proposed order by Rosen to adjust the DCR and distribute to remaining creditors due to a bench order by Judge Walrath on October 16, 2018 to disallow the “golden parachute” claims and leave the “surviving claims” to further litigate in bankruptcy court.

PDF page 11 of 13:

“iv. Any Claims of the Claimants as holders of vested equity interests which, pursuant to the Plan, are entitled to receive a distribution.”

________________________

IMO...my conclusions as of December 30, 2018:


1) The “surviving claims” included the :

“iv. Any Claims of the Claimants as holders of vested equity interests which, pursuant to the Plan, are entitled to receive a distribution.”

Which implies that the Claimants were still going to fight hard to keep their vested equity interests because, according to POR7, those vested equity interests are deemed to receive a distribution if there are any recoveries to WMI Escrow Marker Holders.

Who better to know the exact recoveries of WMI Escrow Marker Holders than the actual top executives (Ex-employee Claimants).

2) IMO...my WAG is that the Stipulated Settlement will probably give the Ex-employee Claimants some WMI Escrow Equity Markers in exchange for settling all outstanding claims.

[BBANBOB]

Austin
IMHO no there would not have been YET!!!!!!!!!!!!!!!!!!

This was imho an very well laid out orchestrated plan and with a per-determined time frame and certain conditions that had to be met first!
Example
1.DB how could this be done without DB being settled?????? Courts had a stay on the case did they not?
2. Had to buy a company to hide any outrageous success behind, when did we do that?
3. How many gave up the ship and bailed and DA BOYZ got more shares?
4. KKR had to change their payout plan to receive share in lieu of cash , again to get more shares
5. Piers had to be paid their run off notes a very high interest payment, why push the issue and lose that?

Understand they do NOT NEED THE MONEY!!!!!!! Some here need and I mean NEED the money those are the one fretting over this.

For Da Boyz that live in the hamptons this will not be a HLCE, they already LIVE HUGE!!!!!!!!!!!!!!!!!!!!!!!!!!

The guy that needs a new car or tires on his car or a home or whatever are the only ones freaking over this not DA BOYZ that live just fine and would if it never happened, so they have patience and no worries what so ever

[BBANBOB]

Also can you imagine the Tax implication difference now versus say a year or two ago.

WHo knows what these BOYZ know, they run in way different circles than we do or I will say, than I DO!!!!!!!!!!!!!!!!!!!!!!

I still contend this has been orchestrated to coincide with the market crash that IS STILL TO COME!!!!!!!

We have only seen a precursor to it so far