Replies to post #232753 on Mr Cooper Group Inc fka COOP

[michael laurino]

I froze the Bloomberg TV and got the exact blurb:"WAMU WILL FACE TRIAL IN NOVEMBER OVER LOW-RANKING SECURITIES,JUDGE RULES";if you google the blurb,it takes you to Stephen Church's article already posted here today.......

[SlyOne]

Think simple thoughts.

Weil wants WMI to exit BK at whatever cost---They dont care! WEIL does not have a guarantee on worked performed and get final check until exit of BK.

So, yes the longer it takes the more they bill, but what they bill and what they are paid are two different issues. JMW decides what WEIL earns in the end. So Brian pissing her off does no good, but all lawyers in this case have gone against the courts wishes by not sharing/producing documents.

IMO:They all will have their compensation reduced.

[steel58]

Fish -- Great Post! Two quick questions:

1. Can examiner request for trustee before Sept 7., so that it may be heard in court and have trustee hopefully granted at that hearing?

2. Since it appears that at least some of this case is headed for court, can the jusge say something like. Here we are in court. Let's see the documents. Oh, no documents?. I rule in favor of TPS, for $4 billion?

[dannoninvest]

shareholder meeting or trustee...
I say trustee. Afterall, Bonderpig converted his preferreds doubling the float of commons. So at minimum he should hold half the float of commons. Therefore heavily influencing the vote. But all these sobs should be put in prison.

[jimmyturbine]

Excellent summary!

Include me in your letter when you finish it!

imo
jimmy

[ItsMyOption]

Fish/Don great post I agree that our examiner now needs a case trustee to replace many parties ( A&M and Weil’s) IMO I believe separate objections letters are more forceful and effective than one letter with 200 ihub signatures.

I have finished a new objection letter that you can read and give comments sent to your email – please give me any suggested changes. I am also requesting our examiner to request a court appointed trustee.

The objection letter starts as:
OBJECTION TO THE APPLICATION OF MONTHLY FEES OF ALVAREZ & MARSAL AS RESTRUCTURING ADVISORS FOR DEBTORS IN POSSESION.
As an equity holder of Washington Mutual, I object to the abusive allowance of compensation for fees charged as restructuring advisors for the Debtors in Possession that have been submitted by Alvarez & Marsal.