Replies to post #596585 on Mr Cooper Group Inc fka COOP

[JusticeWillWin]

Correct, JPMC never owned the equity interest/stock in WMB, it bought only the banking operations and assets along with the deposits and other liabilities.

COOP is the current and sole owner of WMB's equity interest.

JPM never owned the stock of WMB. It merely bought the assets of WMB.

[hotmeat]

Never said or even alluded that they did...??? My point was that the Libor litigation was filed due to "damage" done to US banks by Libor rigging practices. COOP is the newco and has in no way ever been "harmed" by those practices hence have ZERO claim on proceeds from any settlement. WMI and WMB however were harmed and as such their current entities, the LT and JPM would be eligible to make any such claims. What JWW suggested is like saying COOP should have been eligible to a share of WAMU's tax refunds....that's not the case!