Replies to post #443819 on Mr Cooper Group Inc (COOP)

[Evintos]

http://www.wsj.com/articles/j-p-morgan-wins-legal-battle-in-washington-mutual-case-1433365003
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https://www.fdic.gov/bank/individual/failed/wamu_amended_unsealed_opinion.pdf

Start at end of page 52 for the Conclusion.

The Court leaves to another day and another argument whether Plaintiff Deutsche Bank can recover from FDIC. A memorializing Order accompanies this Amended Opinion.

UNITED STATES DISTRICT COURT FOR THE DISTRICT OF COLUMBIA Civil Action No. 09-1656 (RMC)
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https://dockets.justia.com/docket/circuit-courts/cadc/15-5322
U.S. Court of Appeals, D.C. Circuit
Case Number: 15-5322

Defendant - Appellant: Federal Deposit Insurance Corporation, in its capacity as Receiver of Washington Mutual Bank


https://www.pacermonitor.com/public/case/9973171/Deutsche_Bank_National_Trust_v_FDIC,_et_al

NOTICE OF APPEAL [1584521] filed by FDIC seeking review of a decision by the U.S. District Court in 1:09-cv-01656-RMC. Assigned USCA Case Number: 15-5322 15-5322

[Evintos]

Post 438959 Monday, 10/19/15 03:10:25 PM

: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.