Replies to post #559853 on Mr Cooper Group Inc (COOP)

[AZCowboy]

~ Well, It Was The Failure Of Plan 6 That Changed Attachment H ~

The 120 "Accredited Investor" WMB Euro Noteholders were original litigants in the, "the WMI Action" ... the Delaware Bankruptcy Courts' allowed venue change into the D.C. Dual Tracking Litigation, which transitioned into Judge Collyer's Court ... (ending with "Globic")

Plan 6' attempted to eliminate equity' and end the WMI' reorganization at WMI's last senior creditor class' ... which would have ended the need for the continuation of the D.C. Dual Track, as well as the employee claimant's issues ... and, there would not have been a need for any continuation of the 2009' initiated blocking and delaying mechanism', as well as the need for a DCR put into place at Plan 7's implementation ... to continue to be able to be used to hold things up'

However, ... the 120 "Accredited Investor" WMB Euro Noteholders, refused an offered Class 12 General Unsecured nomenclature as offered by the debtor, and so, Plan 6 failed' ...

so, with the approval of Plan 7, ... The 120 "Accredited Investor" WMB Euro Noteholders, became Tranche 5 Class 17' ... as the litigation has obviously continued well beyond the Plans Implementation ... and Rule 510 "Subordination", as was forced, has been a reality' ...

Per the US Code; Bankruptcy Rule 510 "Subordination", mandates that All of the filers Court approved creditor determined senior debt, ... Must Be "Addressed First", ... That ? Is what is currently coming to an end' ...

AZ

[jerrylev]

The bondholders are not in class 17 and have nothing to do with the trusts and escrow. Only their CCB, whatever that is, are in class 17 and were paid. Z often mix apple and orange and after CIC, the NOL will not go away and ever,

[ron_66271]

Tranche 5 is the CIC Pay Point.

WMI only abandoned the 'equity interest' in WMB, not the Title to WMB.
Doc #5885.

JPM agreed with FDIC to pay CIC to WMB employees.

WMI's responsibilities was paid to Employee Claimant long ago.
PDF 40/133;
http://www.kccllc.net/wamu/document/0812229190125000000000001

THJMFW was to Rule on CIC on February 5th. IMO, this was the Drop-Dead Date for CIC.

No CIC, No GSA, No Releases.

* JPM raised $1.4 TRILLION.

Tranche 4 is just one breath away from being addressed, then comes Tranche 5 as the CIC Pay Point to Tranche 6.