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Results: 1-10 of 260

New York State Court dismisses RMBS putback action against Nomura as time-barred

  • Orrick Herrington & Sutcliffe LLP
  • -
  • USA
  • -
  • May 20 2013

On May 10, Justice Sherwood of the Supreme Court of the State of New York dismissed on statute of limitations grounds an RMBS putback action brought

Where there’s smoke, there’s FIRREA

  • Orrick Herrington & Sutcliffe LLP
  • -
  • USA
  • -
  • May 14 2013

Few can ignite a legal firestorm like U.S. District Judge Jed Rakoff of the Southern District of New York. Last week, in a mortgage fraud suit

Second Circuit agrees to hear interlocutory appeal of key MBS litigation questions

  • BuckleySandler LLP
  • -
  • USA
  • -
  • May 13 2013

On May 7, the U.S. Court of Appeals for the Second Circuit granted two petitions seeking interlocutory appeal of key questions related to pending

Assured and UBS agree to settle RMBS litigation for $358 million

  • Orrick Herrington & Sutcliffe LLP
  • -
  • USA
  • -
  • May 13 2013

On May 6, monoline insurer Assured Guaranty Ltd. announced a $358 million settlement with UBS and its affiliates stemming from losses on residential

District Court denies banks' motions to dismiss litigation concerning role of MBS trustees

  • Orrick Herrington & Sutcliffe LLP
  • -
  • USA
  • -
  • May 13 2013

On May 6, Judge Katherine Forrest of the United States District Court for the Southern District of New York denied Bank of America and U.S. Bank's

District Court denies Countrywide's motion to dismiss AIG suit

  • Orrick Herrington & Sutcliffe LLP
  • -
  • USA
  • -
  • May 13 2013

On May 6, Judge Mariana Pfaelzer of the United States District Court for the Central District of California allowed American International Group, Inc

MBIA suit against Bank of America may proceed

  • Kelley Drye & Warren LLP
  • -
  • USA
  • -
  • May 3 2013

We have been following the MBIA lawsuit against Bank of America (see here and here). In the latest development, Justice Eileen Bransten of New York

FDIC suit over MBS is time-barred, says federal judge

  • Dykema Gossett PLLC
  • -
  • USA
  • -
  • April 23 2013

On April 22, 2013, Los Angeles-based federal judge Mariana Pfaelzer tossed on timeliness grounds a suit filed by the FDIC, as receiver, against

Court dismisses ERISA case concerning investments in mortgage-backed securities

  • Williams Mullen
  • -
  • USA
  • -
  • April 16 2013

The U. S. Court of Appeals for the Second Circuit has affirmed the dismissal of a case brought against Morgan Stanley Investment Management Inc

District Court grants J.P. Morgan's motion for summary judgment against Dexia in RMBS suit

  • Orrick Herrington & Sutcliffe LLP
  • -
  • USA
  • -
  • April 8 2013

On April 2, Judge Jed Rakoff of the United States District Court for the Southern District of New York largely granted J.P. Morgan's motion for

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