Mr Cooper Group Inc (COOP)

[rramirez82]

If the DC case is dismissed pursuant to WMI's motion to dismiss, it will help us two-fold at the minimum because (1.) we would be awarded damages; and (2.) I think it would eliminate any lingering hope on part of JPM to remove the Delaware adversary proceeding to DC.

This is only going to place added pressure on the FDIC and JPM to settle this now. Based on (1.) Dimon's recent statements in Seattle, which place implied fault on the FDIC for not soliciting other bids; (2.) Judge Walrath's denial of the FDIC's motion to stay the adversary proceeding; and (3.) the possibility of an adverse ruling pursuant to WMI's motion to dismiss -- I think the FDIC might be much more willing to negotiate with JPM and WMI for some kind of deal because it will surely be backed into a corner.

The pieces continue to fall into place. This is exciting stuff but I hope it comes to a result in our favor soon.