Mr Cooper Group Inc (COOP)

[rramirez82]

If they "probably think they have done nothing wrong" then why are they stalling and why not just go forward with the litigation?

They're stalling because they do not, I repeat, do not want to produce documents, subject themselves to more liability and proceed with litigation. Theres also a good chance that financing the settlement with the FDIC has something to do with it too because I'm sure Weil, Quinn and A&M are shooting for maximum recovery to the estate -- why else would JPM suddenly sell 23 office buildings to raise $1-2B in cash?

They will settle this very soon. All of these delay tactics are smoke and mirrors -- they know their exposure to liability because S&C and Landis Roth have already counseled them on it, as it is in their fiduciary duty to do so. Ask Fish or any of the other good boardmembers here -- this is all going to be over very soon.