Replies to post #554029 on Mr Cooper Group Inc fka COOP

[wcheng]

hopefully not worthless!.. otherwise for a decade of waiting all we got are the pittance of wmih shares.. which after R/S and becoming COOP are crumbs at the moment

[Dmdmd2020]

austin01,

Your previous message:

When I wonder if my escrows are merely a worthless "pacifier". I, too, remind myself that we are in this with some powerful hedge funds.

Per Document #12573 filed by Ex-employee Claimants on January 04, 2019:

http://www.kccllc.net/wamu/document/0812229190104000000000001

PDF Page 20 of 1014:

"G. The FDIC Did Not Reject Vested Equity Interests Under the WaMu Equity Incentive Plan

Holders of vested equity interests are entitled to receive a distribution, pursuant to the Chapter 11 Plan. Equity holders were not required to submit Proofs of Claim.

The FDIC did not opine that “vested” equity interests were subject to Part 359. In fact, the FDIC determined that only the payments based on the Equity Incentive Plan where “the vesting of those share is accelerated based on WMI’s liquidation or WMB’s failure” would be subject to Part 359, in the opinion of the FDIC. [Second FDIC Determination, Exh. 6 hereto at p. 9.] Accordingly, to the extent that any of the Claimants are holders of vested equity interests, such equity claims should be excluded from any order on the Dismissal Motion, since vested equity claims were neither considered, nor rejected, by the FDIC. "

______________________________

IMO...my conclusions as of January 07, 2019:

1) The Ex-employee Claimants don't think the WMI Escrow Markers are worthless. They are fighting hard to keep their "Vested Equity Interests". Just to be clear, "Vested Equity Interests" = WMI Escrow Markers.

2) The Ex-employee Claimants are the people that would know the exact amount of recovery the WMI Escrow Markers would produce.

3) IMO...the WMI Escrow Markers are valuable!