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Citibank Breaks the Ice with a $23 Million Settlement in LIBOR Class Action

USA - February 10 2016 Citibank, N.A. Has asked a federal district court to bless its $23 million settlement in a class action lawsuit alleging a wide-ranging conspiracy…

Mid-2015 mortgage crisis update – the repurchase demands continue

USA - June 11 2015 In the aftermath of the financial crisis, Fannie Mae and Freddie Mac aggressively demanded Wall Street and big bank aggregators (“aggregators”)…

Philip R. Stein

Housing building jumps in April

USA - May 29 2015 According to newly released data from the U.S. Department of Commerce, home builders have ratcheted up construction in April to a seasonally adjusted…

Manuel R. Gonzalez

Wells accused of profiting from foreclosure relief program

USA - May 20 2015 A recent class action lawsuit filed on behalf of thousands of homeowners in New York against Wells Fargo alleges that while the bank received $25…

Considerations for lenders in workouts & loan restructurings

USA - February 12 2015 Despite the improvement in the economy since the advent of the “Great Recession,” many businesses nevertheless continue to struggle. Accordingly…