Mr Cooper Group Inc (COOP)

[rramirez82]

Climberprof / Jerle

I'm not sure I agree. If JPM does not settle before complying with discovery pursuant to the R.2004 Order, it will risk major exposure to additional claims and potential criminal/RICO liability -- and more exposure is the last thing JPM wants. From both a legal AND business perspective, it would be the most cost effective way for them to clean up this mess.

As for BOP's statement, I believe she/he meant that JPM would not be able to meet the legal standard necessary for a higher court to review Judge Walrath's decision on the Rule 2004 Motion on appeal. A party must have permission to file an interlocutory appeal (i.e., an appeal made before final judgment is rendered) for review by a higher court and it must meet the appropriate legal standard in order for permission to be granted. BOP was simply saying that JPM would not meet that standard -- thus any request by JPM to appeal would be denied as a matter of law.