Replies to post #725112 on Mr Cooper Group Inc fka COOP

[Boris the Spider]

Split. Libor has until Apr 14 for depositions to be filed. Its been very quiet even though depositions are ongoing. Or are they?
Maybe they will not do any and just offer settlement at the 11th hour. It would be a private deal in the judges chambers which she would no doubt approve if reasonable.
400B is doubtful but the FDIC needs money badly because its broke, so they may settle for half that.
Who knows? We can only guess at this point.

[JusticeWillWin]

They repeatedly said they retired the shares. Google what "retired" means. They cannot do anything with these shares any more...

Gary, I'm of the opinion that something similar may take place. What is COOP going to do with the shares that were bought back is the real question.

I've been informed by a friend that the LIBOR SUIT is getting interesting after the initial ruling, but I have not personally read anything myself as of this evening. I will attempt to find it tomorrow if I get some free time.

[garyhalvo]

https://www.reuters.com/world/uk/uk-libor-trader-hayes-loses-appeal-against-rate-rigging-conviction-2024-03-27/