Replies to post #334417 on Mr Cooper Group Inc (COOP)

[uzualsuzpect]

IV. CONCLUSION
For the foregoing reasons, the Court will deny confirmation of the Plan, grant but stay the Equity Committee’s standing motion, and direct the parties to proceed to mediation.

An appropriate Order is attached.

[radiumsoup]

p34 of opinion, interesting observation by court:

"Because the estate is solvent and unsecured creditors are likely to get paid in full"

[Maniek]

GSA stands - that is not to good...IMO

[radiumsoup]

opinion p81 FJR applies to claims

"the Court concludes that the federal judgment
rate is the proper measure for post-petition interest due to the
unsecured creditors"

[gophilipgo]

This is unfortunately not a surprise. I, and I'm sure many others, sort of expected this to be the case. It's pretty obvious at this point that she has no intention of finding fault with JPM or the FDIC. This means that even though equity is in the money, the likelihood of reaching the WAMUQs is minimal, short of a settlement agreement which breaks the absolute priority rule, or JPM putting money into the pot out of the kindness of their hearts.