InvestorsHub Logo
Followers 56
Posts 967
Boards Moderated 0
Alias Born 05/13/2009

Re: rattlewatch post# 88615

Monday, 08/24/2009 9:39:11 PM

Monday, August 24, 2009 9:39:11 PM

Post# of 730278
No, but thanks alot for looking ... it was much appreciated.

The articles below really reference Judge Walrath's decision denying JPM's motion for reconsideration and allowing the discovery to proceed on the original date of August 1st. However, since then JPM has defaulted on producing documents and WMI attorneys have stated that they are expecting JPM to produce documents by late August / early September. We have not seen any motion for sanctions or formal filings in re extensions of time, so many of us have been led to believe that WMI granted a forbearance on the discovery deadline in exchange for further progress in settlement negotiations. The discovery is the most critical motivator in the settlement discussions and the best indicator of when we can expect a settlement to be announced.

No new date has been announced (or noted in any of the filings) beyond the vague assertion of "late August / early September" at this point.

MAKINGMOVES

Volume:
Day Range:
Bid:
Ask:
Last Trade Time:
Total Trades:
  • 1D
  • 1M
  • 3M
  • 6M
  • 1Y
  • 5Y
Recent COOP News