Mr Cooper Group Inc (COOP)

[mordicai]

You are exactly right. That was the beauty of the turnover action. If the fdic and jpm has no legitimate dispute over the 4 billion, then the turnover action will not be dismissed and if jpm does not come up with any affidavits to counter the summary judgment, then the judge will have to grant summary judgment. And the granting of the summary judgment indirectly decides or ends JPM's interpleader action...makes it moot. I said months ago what the holding company just said in its filings. JPM filed the adversary proceeding trying to put itself ahead of other creditors. JPM wants to be the owner of the asset not a mere creditor who has to share with other creditors. And I think the judge sees this. If she rules in the holding company's favor, she knows a settlement will happen quicker and at the same time she is looking out for all the creditors interest in that money. She isn't going to allow the holding company to do much than move the money out of JPM. But if she rules in JPM;s or fdic's favor, she prolongs the case to the detriment of the creditors. The fdic imho has to be pretty worried about the bankruptcy judge since the fdic is asking for a stay. And by the way, I am rather impressed with you posts...I think you have a rather good understanding of the facts and the law.