Editor: David Reiss
Brooklyn Law School

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June 22, 2015

Monday’s Adjudication Roundup

By Shea Cunningham

Two Moody’s Investor Services Inc. entities remain the only defendants in appeal from Illinois Bank following the exit of McGraw-Hill Cos. Inc. and Standard and Poor’s in suit over residential mortgage-backed securities ratings. A Second Circuit judge did not revive … Continue reading

June 15, 2015

Monday’s Adjudication Roundup

By Shea Cunningham

The CFPB increased PHH Corp.’s penalty to $109 million from $6.4 million on appeal, while upholding an administrative judge’s ruling that the firm was involved in a mortgage insurance kickback scheme. A class of PHH borrowers have been granted cert … Continue reading

June 8, 2015

Monday’s Adjudication Roundup

By Shea Cunningham

The United States Supreme Court held that Chapter 7 debtors cannot get rid of junior liens on underwater home loans under the bankruptcy code.

June 3, 2015

Reiss on SCOTUS Junior Lien Decision

By David Reiss

Bloomberg BNA quoted me in Nagging Economic and Credit Questions Dampen Bankruptcy Victory for Bankers (behind paywall). It reads, in part: The U.S. Supreme Court delivered an important bankruptcy ruling for bankers that doesn’t, however, do anything about still-struggling homeowners (Bank … Continue reading

May 27, 2015

Wednesday’s Academic Roundup

By Shea Cunningham

MERS Litigation — Brief of Amicus Curiae the Legal Services Center of Harvard Law School and Law Professors in Support of the Appellee, by Max Weinstein, Melanie B. Leslie, David J. Reiss, Joseph William Singer & Rebecca Tushnet, Brooklyn Law … Continue reading

May 18, 2015

Monday’s Adjudication Roundup

By Shea Cunningham

The Financial Industry Regulatory Authority (FINRA) has ordered Goldman Sachs to pay National Australia Bank $100 million over $80 million in collateralized debt obligations. US Bank escapes liability under the False Claims Acts for filing FHA insurance claims without complying … Continue reading

May 14, 2015

Thursday’s Advocacy & Think Tank Round-Up

By Serenna McCloud

City lab’s analyzes why Billionaires Don’t Pay Taxes in New York, concludes that recent housing boom has been in the “ultralux” market and that the owners pay a fraction of their share due to a tax code that shifts the … Continue reading