Mr Cooper Group Inc (COOP)

[Evintos]

LT wants to settle, FDIC doesn't want to settle (golden parachute), this forces LT to proceed with litigation and the scheduling of depositions which now needs to be done and put in the court calendar.

Claimant attorneys and LT basically only agree to depositions that are scheduled months away.

Delays in depositions, etc. Which then requires rescheduling of court hearings and trial.

On and on it goes.

I suppose short answer is FDIC for not wanting to settle but settlement reduces the remaining value left in the LT (unless you're a billions believer).