Replies to post #327105 on Mr Cooper Group Inc fka COOP

[bond-007]

Don I have to disagree; all stern vs marshal did was clear up any subject matter jurisdiction issues. Lets say you are going threw a divorce and both file BK before the divorce is final… the BK court just simply says go get your divorce and come back with your BK because the court lacks the subject matter JD to grant the divorce and split the property. That is not the same as this case.

[Desperado90]

Fish, IMO the only reason the EC has not made the move is that they believe that the BK court can totally disallow or subordinate the SNH claims thereby freeing up about $2.1B down the waterfall.

Thereby given total control of the case to Equity. Even if we go to DC right now, we have the debtors working to sabotage the process by holding a shareholders meeting with the same SNH guys taking control of the cheap share price and controlling the BOD.

I would prefer the BK Judge rule on the $4B Deposit, the Tax refunds and disallow the SNH claims for IT and then we can move to DC to fight for more bigger cash.

[Lawrence 147]

Ok I was just checking, I thought you might be trying to influence some one into doing something they might be a little shy about doing. I guess I would give it a try if I knew what I was doing and could find enough gas to get out of the driveway. Let alone that 3,000 mile round trip.

(Just thinking out loud here)
You know I would think the EC might be just as able to make such a motion though there may be some reason they can’t, like why they could not expose the insider trading. It may be why they have filed for leave to file against certain parties, perhaps they would have no control over what would happen in DC.