Mr Cooper Group Inc (COOP)

[rramirez82]

Under the model rules of professional responsibility, counsel has a duty of candor to the court. This includes disclosing evidence of criminal wrongdoing if such evidence is revealed during the discovery process. Accordingly, if the parties came across evidence of criminal activity, they wouldn't use the evidence as leverage to encourage settlement. However, if JPM and the FDIC know that such evidence exists, they may be reluctant to divulge such information in the discovery process and as a result, become more increasingly cooperative in settlement negotiations.