"There is no reason for them to do so." The sentence is not intended as a fact. It is an opinion based on the fact that they did not publicly offer this as a remedy in court. Also, Thompson on one of the conference calls insinuated that there had not been any "settlement" discussions. Furthermore, if there was any hint of a settlement, the appeals likely would not have happened.
Exactly! Take your own advise. No one has asked for a conversion. No one has asked for a reverse split. No one has said JPS has any higher place or benefit then commons while in conservatorship.
The sentence you quoted is not a fact, it is an assumption, and one with no evidence behind it. Absence of evidence is not evidence of absence.
Nobody knows what the plaintiffs have asked for in private.