Remember: "The chips are always in Wall Street's favor in the Federal Judiciary." Our Government is so closely tied with these HUGE "Too Big Too Fail" companies that bench judges do not have the law on their side. If you remember back in the "insider trading case" THJMW basically told SG that she did not have precedent (power) to rule and maybe they should [a]ll talk it over and get back to her. That was wake up call for equity and they got the HE..LL out of that courtroom as fast as they could.
Remember even the Federal Judge in DC did not want anything to do with the WMI case and sent it back to the BK Court to deal with. It has and always will be settlements at "pennies on the dollar."
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