Replies to post #75131 on Mr Cooper Group Inc (COOP)

[diamondguru-one]

IMO there will be "NO" delays.....IMO wamu's team is waiving the HAMMER....smashing it down at times.....IMO the JUDGE wont stand for the FDIC/JPM stall crapolas...i think it just piss's off the judge and wamu's team.....IMO WAMU'S NUMBERS are "HUGE" and JPM dont want to PAY...they WILL pay..and dearly....and weather it takes a few weeks....or a few months...I'M HOLDING for the "GOLD" !!!! Gooooo WAMU'S TEAM

[rramirez82]

I'm with you guys 100%. I haven't read the document in which Jackson posted (thanks Jackson, btw) but I plan to do so if I have some free time in the office today. In spite of that, I can't help but wonder whether a stay will buy JPM more time before a ruling is issued on the R.2004 discovery. I imagine it would.

From a legal standpoint, I think it would still be in JPM's best interests to settle this matter as quickly as possible because the longer this drags out, the more claims/issues WMI will add to the list (i.e., trademark/copyright infringements, etc.) and the more interest JPM will be liable for on the $4B if/when the Judge decides it belongs to WMI. Even if Judge Walrath orders a stay on the proceedings, JPM will not be precluded from settling the matter "amicably," out of court.

Moreover, a decision on the R.2004 discovery will come at some point - there's no avoiding the inevitable - and I think things can only get worse for JPM if it drags this out.