Mr Cooper Group Inc (COOP)

[strikehold]

Motion of Appaloosa Management L.P. for an Order Compelling Nate Thoma to Search for and Produce Documents and to Respond to Interrogatory Requests

JPM filed the original complaint of insider trading and NT followed up on it. Why doesn’t Appaloosa go after JPM? Because, While the key to Appaloosa's success in 2009 came from buying beleaguered banking stocks, banking giant JPMorgan Chase(JPM_) only hit the fund's portfolio in the latest quarter. Appaloosa initiated a 540,000 share, $23 million stake in the bank.
Part of Appaloosa's late-to-the-game buying in JPMorgan may be due to the fact that the firm has long been the best-in-breed banking stock, with a comparatively conservative balance sheet and very profitable business units. In the height of the financial crisis, JPM got hit less hard -- and as a result, it's provided less of a mind-blowing rebound in shares since. That said, investors looking for exposure to the financial sector would do well to give JPM a chance.
A strong dividend payout, well-capitalized balance sheet, and serious scale make this stock a good option