Replies to post #291259 on Mr Cooper Group Inc (COOP)

[marayatano]

You bring a very valid point. You are right.

Also see this:

The outline of the deal includes $25 million for a litigation trust that would bring lawsuits to collect more money for shareholders. In return, shareholders would drop allegations that hedge funds who own $2.54 billion of WaMu’s debt used confidential information to guide their investments.

http://www.bloomberg.com/news/2011-05-20/wamu-said-to-settle-with-lenders-shareholders-on-post-bankruptcy-control.html

I assume HF are in the clear now (after the settlement is executed), I am sure they will still accumulate any non-restricted ownership securities.

Credit to marketgru for posting link.

imo