Replies to post #182670 on Mr Cooper Group Inc (COOP)

[wamuvoodoo]

well they have less than 12 hours to object....

[Lawrence 147]

If they do not object I would take it as a sign they have been caught trying to pull a Kmart on us.

[fsshon]

If they do not object "keep fingers crossed" then they are not fulfilling their fiduciary duty to their clients (debtors) and would therefore be in breach of contract. They will definitely object, they are probably putting the final touches on the brief that costs the estate an average of $600 an hour to write.

Believe me they will file an objection or they are will be telgraphing to us, that they really are looking out for Equity. Good Luck with that idea !! Someone mentioned Y is saying EC is at table throwing around 5:1 figure.

~Fish~

[rramirez82]

The EC's motion isn't asking the Judge to rule on the $4B, it's simply asking the court to allow a shareholder meeting (to elect a new BOD) or in the alternative, to modify the stay so the EC could ask the D.C. court to allow a shareholder meeting (to elect a new BOD).

I wouldn't be surprised if WMI's opposition papers were filed at the very last minute.