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

Re: climberprof post# 91996

Wednesday, 09/02/2009 3:35:14 PM

Wednesday, September 02, 2009 3:35:14 PM

Post# of 730760
Thats a loaded question because there are too many variables in the way of a single, logical answer.

If I remember correctly, the $4B is at issue within the summary judgment motion. If thats the case, we're still waiting on a reply brief from WMI (the deadline was adjourned out to allow for Ms. Logan's deposition) and a hearing on the matter before Judge Walrath decides anything.

Either way, I think this is going to be settled before Judge Walrath issues a decision on the $4B. If not, its going to depend on whether Judge Sleet chooses to hear the appeal and orders a stay on the bankruptcy proceeding. If he denies JPM's motion for leave to appeal (chooses not to hear the appeal), I imagine we'll see a decision come down soon after oral argument on the summary judgment motion referenced above.

MAKINGMOVES

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