Mr Cooper Group Inc (COOP)

[rramirez82]

We've discussed how the Rule 2004 discovery can encourage JPM to settle soon (especially given the likelihood that an interlocutory appeal will be denied), but has anyone considered the fact that it might also encourage the FDIC to join in quick settlement?

It's pretty likely that our attorneys will uncover evidence implicating the FDIC in fraudulent behavior if the said behavior is linked to JPM and arises within the scope of discovery. I think a dead givaway would be if the FDIC submits memos in support of JPM's Motion for Leave to Appeal (if and when such appeal is filed).

If so, perhaps we ARE looking at settlement in the imminent future.