Mr Cooper Group Inc (COOP)

[rramirez82]

Appeals are great. They are decided as a matter of law, not fact. If JPM's "stipulation" is on the record, it's doomed to fail the appeal process.

I think they're navigating a big ship into dangerous waters if they continue proceeding forward with litigation. Discovery is going to mark an iceberg in their path -- and I think that's the smoking gun that Judge Walrath has at her disposal right now since the parties already exchanged briefs and held oral argument in May. That decision can come down at any time.

I must have overestimated JPM in thinking it would see settlement as the best cost avoider -- makes good legal and business sense.