Replies to post #160887 on Mr Cooper Group Inc fka COOP

[Kristallweizen]

The judge has to approve. If all parties agree on terms why shouldn´t she sign?

[clothingrep]

Another question, If the commons are awarded say $8.00, will there be a restriction on when shares can be sold? What happen with VRMLQ, was there a huge sell off when the price jumped?
THanks

[fastback]

It would be the first time I will have heard of hot shot lawyers working over a weekend. They have until Friday. They'll milk it as long as they can. Someone is paying them hourly to stay on this.

[Lawrence 147]

Right now I have not seen where the judge has signed the order for the equity committee to intervene. I am not sure that they would be able to without that order. That could be the reason they were snubbed at the Omnibus and why they did not object to the delay. I would hope the first order of business would be for the judge to sign that order. Should that order be signed then they would be included in any binding agreement between the FDIC/ JPM and WMI.
I am thinking that right now the parties are doing everything they can to keep the equity committee out of the equation and still bring as much money their way as they can.
The one thing I am certain of is that both parties are finally working diligently towards a resolution in these matters. From the filings so far and they may just be formalities but it would appear that these formalities have been used to keep the EC from any part of the game. I would pray that the good judge signs the orders allowing the EC its place before any agreement are submitted.
Also I would not like to see this all end Monday as much as I would like to see the money in my account, I would like to see things finalized in a manner that is permanent and that can not be appealed.