Replies to post #154659 on Mr Cooper Group Inc (COOP)

[umaw]

THANKS MORDICAI...APPRECIATE IT EOM

[JV44]

Fascinating

[boarddork]

So this whole settlement should be completed before reorganization plan due on 3/4? My hair is standing on end!

[court99]

Your post prevented me pressing on the sell button for a nice profit. I'll wait a bit more - LoL!

[Emptyhead]

Wow,then this is almost a given then?

My stomach would settle down some if volume picked up here. Volume and price precipitates confirmation.

[jhdf51]

<pre-seizure wmi shareholders> That sold..correct?

[Bizreader]

I would like to emphasize the importance of JPM Chase settling within the BK period of 18 months which is by the end of March.

Obtaining Non-consensual third party releases, meaning removing the chance to be sued by beneficiaries of the coming settlements, they are steering clear of the witness stand, jury trial and triple damages in the lime light which WILL OCCUR, if they don't settle up, i.e. JPM and the FDIC, with WMI.

Now, how much do you want to bet that JPM and the FDIC don't want to go to trial? I'm betting a great deal on that, BUT, even if they do appear to be heading for trial, and the settlement doesn't come through for some reason during the 18 month period ending late March, I know my money will still be growing!

eom

[DudeBug]

Posted by Mordicai earlier today. Moving it up because his good legal thoughts on settlement before reorganization (3/26 exclusivity date) ends makes perfect sense.


http://investorshub.advfn.com/boards/read_msg.aspx?message_id=47082201

Posted by: mordicai Date: Saturday, February 06, 2010 5:33:58 PM
In reply to: None Post # of 154658
The reason why JPM and the FDIC will want to settle this within the bankruptcy is to obtain the non-consensual third party releases. As long as JPM and the FDIC contribute to the reorganization, they will be able to stop dead in their tracks the texas bondholders case, the wmb bondholders, pre-seizure wmi shareholders, and other creditors from pursuing claims against JPM and the FDIC once the reorganization plan is approved.



http://www.munsch.com/newsstand/articles-195

https://www.whitecase.com/insolvencynotes_0408/