Isn't it profit if this flies on news or rumor alone that a settlement has been reached? I can sell at any time. I don't have to wait for WAMU to deposit money into a Well's Fargo account, then await my turn to collect. That may be the case with previous shareholders. I don't know anything about their situation. It could maybe affect the pps of this if that's a liability. Do they have a personal lawsuit or are they entitled to their losses? They totally got ripped off. But if they chose to sell, which who wouldn't, what would be their relief?
These companies can settle any time they get ready. If they feel it's in their interest and a benefit to slug it out, it could continue for years.
I could see JPM not wanting to turn over any kind of discovery. That could get messy indeed.
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