Mr Cooper Group Inc (COOP)

[mordicai]

JPM filed an interpleader action. It is bound by its pleadings even though the interpleader may now be stayed. Should the judge order the turnover, JPM and its officers will face serious contempt charges. Even should JPM be allowed to appeal such an order, the holding company can move that as a condition of the appeal a bond or the money be put in the registry of the court pending the appeal. As I said before, such an order requiring JPM to turn over the money costs JPM one hell of a bargaining chip in the settlement negotiation process.