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Replies to post #315556 on Mr Cooper Group Inc (COOP)
06/29/11 9:15 PM
"1. Sargent's comment early on that 'we do not need to establish violation of Federal securities law violations in order to pursue this here in BK court. While there may be some violations, we don't need to prove those here' (partial exact quote/partial paraphrase)
2. Sargent again, 'until April, JPMC agreed on every term sheet to return the 4 billion dollar deposit claim to the estate' (how many have there been??!!)
3. Ken Feldman's comment, 'SNH continue to accumulate securities that would benefit from a settlement...that they put together. It could be a coincidence...' (again, paraphrasing. at this point, both he and JMW looked at each other and chuckled)
4. Both Stratton (UCC) and Ownes (Centerbridge) separately pondering aloud the possibility that the EC would settle and leave the TPS behind.
Additionally, by her repeated questioning, JMW was clearly allowing the HFs to paint themselves into a perjury corner, and Rosen couldn't put enough distance between the Debtors and today's entire proceeding.
Ilene"
