Replies to post #265175 on Mr Cooper Group Inc fka COOP

[erevno]

"WHEREAS multiple objections to the Plan remain unresolved"

AND

[I'm paraphrasing] plan involves a multi-billion dollar GSA, and the GSA expires at the end of this month unless the parties extend it

so "in order to maintain the status quo pending decision" let me (judge) know if I should still consider the POR that has the GSA as the key component.

That's how my simple mind reads it.

[bet0001970]

It means that she's not going to sign it before 2011. And since there is a stipulation in the POR requiring it's approval by December 31 (unless the debtors and other parties agree to extend the deadline), she will not issue a ruling (ie: approve it). So she is basically telling Rosen to let her know if he's going to extend the deadline, because she's not going to rule on it by the end of the year.

Moral of the story: Rosen not happy.


Beth :)