Replies to post #219572 on Mr Cooper Group Inc (COOP)

[Lawrence 147]

Susman cannot agree to any settlement, only the EC can agree through Susman as council. That being said all that will do is allow the POR to be put up for a vote and then confirmation. Should there not be enough votes or objections that have standing then I would presume the judge would set for litigation those valid objections at that time before she would confirm the plan. In other words let’s say for arguments sake we get our $24.00+ but the Cayman Trust does not get anything or just 1% they of course would object and the judge would set a trial date and a decision would be made from that as to the standing of the Cayman Trust. (Note to all, I only used the Cayman trust as an example)

[remington2000]

Please guys, the attorney who said that if it is even true could b fn w everyone knowing it will be the talk of the boards. I truly think if that guy was in "the know" he would have been busy doing his job instead of talking to strangers about inside information. Absolutely no disrespect to illene or what she might have over heard (she obviously is one of the many huge assets to this board)but I really dont think it is believable for one of these guys to b shooting off his mouth IN COURT about something so serious. JMHO

Really hope Im wrong but