Replies to post #560521 on Mr Cooper Group Inc (COOP)

[hotmeat]

No...here's the rest of the paragraph.


QUOTE: "Additionally, the Bankruptcy Court denied the plaintiffs’ motion to classify such claim as a general unsecured claim, reserving such determination pending the filing of a proof of claim, and allowed the Trust to release $406.0 million of the $435.0 million which was reserved in connection therewith. "

[mordicai]

If memory serves, this was a derivative claim alleging the holding company was responsible for what damage the WMI subsidiaries caused Marta, etal. and since then the courts ruled against such a claim involving other parties.