Replies to post #147371 on Mr Cooper Group Inc (COOP)

[knick]

I would think rammirez or mordciai could probly answer that been wondering the same thing.someone posted yesterday one day you have shares next day you have money or shares of jmp. GL

[rramirez82]

In short, a "cash" settlement would result in a halt to trading and the trustee contacting brokerage firms requiring them to report the names and positions of all WAMU stockholders - after which your shares would be exchanged for some monetary value in your account.

I highly doubt this will be a "cash" settlement. We will likely see a stock swap of some sort - under which the above scenario would apply, except our shares would be exchanged for some percentage of JPM stock instead of monetary value in your account.