<Once ARM have settled all their customers will be covered by the license, thereby enabling the J's to settle. >

I think that statement needs more discussion/clarification. I suspect you mean that TPL may only offer a 3 patent MMP license for settlement, and the Js want to get reimbused for the cost related to the 584. Is that what you are conveying with the above statement? Otherwise, I do not see settling on the 336/148 only as detrimental to the Js, if they have recourse back to ARM (indemnifcation) for the 584. Right? Opty