Mr Cooper Group Inc (COOP)

[clawmann]

Voo: she cannot - cannot - rule against the bad guys yet, at least not all four. There are procedural requirements that must be satisfied and there is not enough evidence yet to justify a ruling against all four.

She could have just authorized the EC to just go ahead and do full blown discovery against all four and start preparing for a trial of the IT issue, but that would be the longer road to nirvana. Instead of taking the longer road, she is giving the shorter road a chance. She pushed them into mediation, while putting quite a few shots across the bows of the hedgies indicating that if this mediation fails she will authorize full blown discovery against all four and prepare for trial with a clear - in my mind - indication that she is leaning toward disallowing their claims entire if it comes to that.

BTW, I don't think she is scared to rule against the hedgies or anyone else. Quite the contrary, I think she is actually threatening them to come to terms with the EC or face the wrath of Walrath.