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The 1st chance of settlement...
...is approaching. I've been very skeptical that there was any SERIOUS settlement talks in progress (although there were talks that were referenced in a court filing a few months back that were broken off when JPM filed their adversary action). JPM will never settle unless it has to and the first such impetus will be here if Judge Sleet doesn't throw JPM a life preserver and Judge Walrath grants the $4 billion Motion for Summary Judgement. Dimon will, of course, say 'Appeal!' but nevertheless a court order to give up $4 billion of cash is a serious moment. At the moment, JPM thinks that Judge Sleet is going to save them. You could hear that in the way the JPM lawyers were talking to Judge Walrath at the 9/25 hearing. But...if Judge Sleet does not act in JPM's favor as JPM hopes, JPM would be staring at a $4 billion court-ordered turnover, a hostile court, the prospect of being forced to give up more of their booty in the other adversary action, along with ongoing discovery. At that point, JPM would be at their first moment in time where they might actually be seriously thinking about settlement. It probably will not happen at that time but it will start some movement that will eventually lead to something more substantial when the trial is underway for the other adversary action.
messages.finance.yahoo.com/...p;mid=251449&tof=2&frt=2
...is approaching. I've been very skeptical that there was any SERIOUS settlement talks in progress (although there were talks that were referenced in a court filing a few months back that were broken off when JPM filed their adversary action). JPM will never settle unless it has to and the first such impetus will be here if Judge Sleet doesn't throw JPM a life preserver and Judge Walrath grants the $4 billion Motion for Summary Judgement. Dimon will, of course, say 'Appeal!' but nevertheless a court order to give up $4 billion of cash is a serious moment. At the moment, JPM thinks that Judge Sleet is going to save them. You could hear that in the way the JPM lawyers were talking to Judge Walrath at the 9/25 hearing. But...if Judge Sleet does not act in JPM's favor as JPM hopes, JPM would be staring at a $4 billion court-ordered turnover, a hostile court, the prospect of being forced to give up more of their booty in the other adversary action, along with ongoing discovery. At that point, JPM would be at their first moment in time where they might actually be seriously thinking about settlement. It probably will not happen at that time but it will start some movement that will eventually lead to something more substantial when the trial is underway for the other adversary action.
messages.finance.yahoo.com/...p;mid=251449&tof=2&frt=2
An der Börse sind 2 mal 2 niemals 4, sondern 5 minus 1.
Man muß nur die Nerven haben, das minus 1 auszuhalten.
Man muß nur die Nerven haben, das minus 1 auszuhalten.
