Replies to post #11851 on Mr Cooper Group Inc (COOP)

[tombrady12nh]

wouldn't surprise me KJB

[~6979~]

...usually I would agree with you...this time, the spot light is directly on J.P.Morgan though...

http://biz.yahoo.com/prnews/081003/clf077.html?.v=48

Notice From The Securities Law Firm of Klayman & Toskes to All Investors Who Held Large, Concentrated Positions in Washington Mutual Securities
Friday October 3, 11:03 pm ET


NEW YORK, Oct. 3 /PRNewswire/ -- The Securities Law Firm of Klayman & Toskes, www.nasd-law.com, announced today that a class action lawsuit, Case No. 08-cv-09801, has been filed on behalf of purchasers of Washington Mutual (OTC: WAMUQ - News) securities. Potential class members should consider whether they should participate in the class action or file an individual securities arbitration claim.
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Klayman & Toskes represents retail and institutional investors who have sustained investment losses as a result of holding large, concentrated positions in a single stock or a specific sector. Many full-service brokerage firms recommended the purchase of Washington Mutual securities to both retail and institutional accounts. However, brokers and financial advisors may have purchased an unsuitable amount of Washington Mutual securities in their clients' accounts, thereby creating a significant over-concentration. Over- concentration exists when 10% or more of the investment portfolio is invested in a single security or sector.

Klayman & Toskes reminds investors of the benefits of filing an individual arbitration claim, as opposed to participating in a class action lawsuit. By participating in a class action lawsuit, an investor will most likely recover only pennies on the dollar. However, if one has experienced substantial losses as a result of being over-concentrated in Washington Mutual securities, it may be more beneficial for them to file an individual securities arbitration claim. In 2003, Klayman & Toskes conducted a detailed study of securities arbitration versus class action. The study concluded that investors who file a securities arbitration claim traditionally obtain an overall higher rate of recovery as opposed to participating in a class action lawsuit. To view the full results of the comparison, please visit our web-site: http://www.nasd-law.com/documents/classvr.pdf.

The attorneys at the Law Firm of Klayman & Toskes are dedicated to aggressively pursuing claims on behalf of investors who have suffered investment losses. Klayman & Toskes, an experienced, qualified and nationally recognized securities litigation law firm, practices exclusively in the field of securities arbitration and litigation. It continues its representation of investors throughout the world in securities arbitration and litigation matters against major Wall Street brokerage firms.

If you have experienced substantial losses as a result of being over- concentrated in Washington Mutual securities and you wish to discuss your legal options at no obligation, please contact Steven D. Toskes, Esquire or Jahan K. Manasseh, Esquire of Klayman & Toskes, P.A., at 888-997-9956, or visit us on the web at http://www.nasd-law.com.




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Source: The Securities Law Firm of Klayman & Toskes

[BlackSwanster]

who are we kidding JPM will just borrow the $5 billion from the fed at 2%. Somehow they'll swing a sweatheart deal with the fed or treasury to tack-on a loan to roll the $5 billion in unexpected liabilities into their original deal.
Not a conspiracy theorist, but as of late certain banks seem to have access to the federal purse strings.