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Replies to post #134211 on Mr Cooper Group Inc (COOP)
fsshon
01/07/10 2:53 PM
#134249 RE: Dragynn #134211
The U.S. Trustee requests that this Court shorten notice so that the Motion can be heard at the December 18, 2009 omnibus hearing. The motion itself relates to a ministerial matter – specifically, the production of a sortable list of equity security holders – that should be easily addressed. Further, the U.S. Trustee believes that there are exigent circumstances which require having the motion heard on December 18. Specifically, the U.S. Trustee’s inability to solicit interest in forming an official committee of equity security holders, if further delayed, may result in prejudice to the interests of that constituency, given that there are a number of affirmative claims the Debtors are asserting that may be the subject of settlement negotiations. The interests of equity need to be protected with respect to those proceedings. Accordingly, there are grounds for this Court to shorten notice under Local Bankruptcy Rule 9006-1(e).