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Results: 1-6 of 6

District of Massachusetts denies in part JP Morgan's motion to dismiss RMBS investor suit

  • Orrick Herrington & Sutcliffe LLP
  • -
  • USA
  • -
  • February 19 2013

On February 13, Judge Rya W. Zobel of the District of Massachusetts dismissed in part, but largely sustained, an investor suit brought by Capital

Court denies Goldman Sachs’s motion to dismiss in case arising out of Abacus CDO

  • Orrick Herrington & Sutcliffe LLP
  • -
  • USA
  • -
  • April 30 2012

On April 24, 2012, New York State Court Judge Barbara Kapnick denied a motion brought by Goldman Sachs Group Inc. (“Goldman Sachs”) to dismiss an action brought by ACA Financial Guaranty Corp. (“ACA”) arising out of ACA’s provision of financial guaranty insurance wrapping the Abacus 2007-ACI CDO issued by Goldman Sachs

Syncora sues JP Morgan for losses from insuring RMBS

  • Orrick Herrington & Sutcliffe LLP
  • -
  • USA
  • -
  • February 21 2012

On February 14, 2012, Syncora Guarantee filed a complaint in New York state court against JP Morgan, Bear Stearns, and EMC Mortgage alleging $52 million in losses incurred by the insurance company as a result of its insuring RMBS issued by the defendants

Monoline insurer assured files suit against DLJ and Credit Suisse

  • Orrick Herrington & Sutcliffe LLP
  • -
  • USA
  • -
  • October 24 2011

On October 17, 2011, Assured Guaranty Municipal Corp. filed a lawsuit in the Supreme Court of New York against DLJ Mortgage Capital, Inc. and Credit Suisse Securities for breaches of mortgage representations and repurchase obligations in connection with six RMBS

Institutional investors question AIG's motion to intervene in proposed BofA settlement

  • Orrick Herrington & Sutcliffe LLP
  • -
  • USA
  • -
  • August 22 2011

On August 15, 2011, the institutional investors that negotiated the proposed $8.5 billion settlement with Bank of America regarding representations and warranties claims against Countrywide Financial Corp. filed a response to AIG's motion to intervene and oppose the settlement

Dismissal of MBIA's fraud claim against Credit Suisse

  • Orrick Herrington & Sutcliffe LLP
  • -
  • USA
  • -
  • June 6 2011

Justice Shirley Kornreich of the Supreme Court of the State of New York dismissed MBIA Insurance Corporation's claim that it was fraudulently induced to insure a Credit Suisse RMBS issuance