Mr Cooper Group Inc (COOP)

[rramirez82]

Walrath denied JPM's Motion to Dismiss -- no news as to whether she granted the summary judgment sought by WMI in it's opposition papers though. This is VERY good news.

See below:

From Reuters (Courtesy of Yahoo! Forums Poster)
WILMINGTON, Del. (AP) -- A Delaware bankruptcy judge has refused to cede control over a dispute between Washington Mutual Inc. and JPMorgan Chase & Co. involving billions of dollars in bank assets.

Judge Mary Walrath on Wednesday denied requests by the Federal Deposit Insurance Corp. and JPMorgan to stay two adversary proceedings in Washington Mutual's Chapter 11 case, or to transfer the dispute to a federal district court in Washington, D.C., where Washington Mutual has sued the FDIC.

The judge also denied JPMorgan's motion to dismiss Washington Mutual's complaint that seeks to force JPMorgan to turn over more than $4 billion in deposits.

The FDIC seized the banking assets of Washington Mutual last year, then immediately sold them to JPMorgan for $1.9 billion.