Replies to post #438935 on Mr Cooper Group Inc (COOP)

[Evintos]

Filing last minute motion/s prevents the other party from prepping and filing an objection to the motion/s.

[tcr7309]

goodie, goodie, goodie, what are you talking about. there are major lawuits pending against the estate and fdick, namely, DB and about 50 lawsuits filed by jpm against fdick. Until those are resolved, fdick and fdick-r stay involved.

all imo

[Donotunderstand]

I thought the FDIC was not done with litigation from Deutche/

[Evintos]

WHY would/does the FDIC want this dragged out?
Do they actually benefit somehow? Or, are they just to embarrassed at what the final outcome will be.

The answer to this is obvious. FDIC has around $2.7 billion to cover nearly $10 billion in claims. If FDIC wins on appeal, JPMC would be held liable for Deutsche Bank claims.