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Replies to post #733145 on Mr Cooper Group Inc fka COOP
08/21/24 2:30 PM
The Company also announced that on February 16, 2012, it, JPMC, the Creditors' Committee and the Equity Committee have reached an understanding with certain holders of the Company's preferred securities regarding the ownership of certain trust preferred securities that were issued prior to the Company filing for bankruptcy protection in September 2008. The so-called "Trust Preferred Consortium" and "TPS Group" (together, the "TPS Holders") claimed that they owned the securities in question, an issue that has been contested by the Company and JPMC during the pendency of the chapter 11 proceedings. The Bankruptcy Court previously ruled in favor of the Company and JPMC in relation to this matter and recent motions seeking various forms of relief have been dismissed. Additional information regarding the terms of the settlement may be found in a stipulation and plan modification filed with the Bankruptcy Court on February 16, 2012.
This Opinion constitutes the findings of fact and conclusions of law of the Court pursuant to Rule 7052 of the Federal Rules of Bankruptcy Procedure.
AND NOW, this 7th day of JANUARY, 2011, upon consideration of the cross Motions for partial summary judgment filed by the parties in the above-captioned adversary proceeding and for the reasons set forth in the accompanying Opinion, it is hereby ORDERED that the Motion of the Plaintiffs for partial summary judgment on Counts I through VI is DENIED; and it is further Counsel shall serve a copy of this Order and the accompanying Opinion on all interested parties and file a Certificate of Service with the Court.
ORDERED that the Motions of the Defendants for partial
08/21/24 5:55 PM
AI
