On March 28, Judge Richard Sullivan of the United States District Court for the Southern District of New York dismissed with prejudice a suit by five
On January 4, Judge Jed S. Rakoff of the Southern District of New York issued a memorandum order explaining the bases for his February 6, 2012
On October 19, Judge Mariana R. Pfaelzer of the Central District of California dismissed with prejudice four cases against Countrywide Financial Corp., and related entities, pursuant to stipulations among the parties.
The U.S. Court of Appeals for the Fifth Circuit on August 2 shed new light on the application of the “notice prejudice” rule to excess insurers under Texas law.
On July 31, Judge Cecchi of the District of New Jersey dismissed with prejudice as time-barred claims filed by the Pension Trust Fund for Operating Engineers alleging misstatements and omissions in the offering documents for US$5 million in RMBS.
On May 23, 2012, Judge Mariana R. Pfaelzer of the Central District of California dismissed with prejudice the majority of claims brought by AIG in a suit against Bank of America and Countrywide over the sale of RMBS certificates.
On April 3, 2012, Judge William H. Pauley of the U.S. District Court for the Southern District of New York dismissed with prejudice nearly all claims against Bank of New York Mellon, as trustee, by four plaintiff pension funds in a putative class action relating to 530 Countrywide RMBS trusts worth $424 billion.
On March 29, 2012, Judge Deborah A. Batts of the Southern District of New York dismissed with prejudice a putative RMBS class-action lawsuit against Novastar Mortgage and other defendants.
On October 31, 2011, Justice Bransten of the Supreme Court for the State of New York denied Bank of America's ("BofA") motion to split the successor liability claims from four separate lawsuits pending against the bank and consolidate those claims into a single case.
On October 21, 2011, Judge Pfaelzer of the U.S. District Court for the Central District of California issued an order largely granting motions by Countrywide, various of its officers and directors, and Bank of America to dismiss various federal securities and state law claims asserted by Allstate arising out of Allstate's investments in 25 Countrywide RMBS.