Mr Cooper Group Inc (COOP)

[WithCatz]

A 9019-5 Primer - Mediation = Blackout

Up until now, we do see filings, listen to court hearings, etc.

But with regards to the mediation, it's going to be uber-black-out.


Read rule 9019-5 {as referenced in the appointment of a mediator}


http://www.deb.uscourts.gov/LocalRules/2010final_localrulesworder.pdf

Some exerpts from rule 9019-5

{The 5-page} Submission shall not be filed with the Court and the Court shall not have access to the Submission.

The mediator and the participants in mediation are prohibited from divulging, outside of the mediation, any oral or written information disclosed by the parties or by witnesses in the course of the mediation.

The mediator shall not be compelled to disclose to the Court or to any person outside the mediation conference any of the records, reports, summaries, notes, communications or other documents received or made by the mediator while serving in such capacity.

The mediator shall not testify or be compelled to testify in regard to the mediation in connection with any arbitral, judicial or other proceeding.

Mediators may present a written settlement recommendation memorandum to attorneys, but not to the Court.

Regardless of the outcome of the mediation conference, the mediator shall not provide the Court with any details of the substance of the conference.