April 16, 2015

Thursday’s Advocacy & Think Tank Round-Up

By Serenna McCloud

Harvard’s Joint Center for Houses Studies released its Leading Indicator of Remodeling Activity (LIRA) which predicts a deceleration in remodeling activity due to sluggish home sales, the LIRA also projects annual spending for home improvements will increase a more modest … Continue reading

April 13, 2015

Monday’s Adjudication Roundup

By Shea Cunningham

Bankrupt Washington Mutual settles in class action suit for $10 million after duping plaintiffs into taking out mortgages with low “teaser rates.” Goldman Sachs asks NY Federal Judge not to certify class action suit over its Abacus collateralized debt obligation, … Continue reading

April 6, 2015

Monday’s Adjudication Roundup

By Shea Cunningham

HSBC facing suit for breaching its duties as trustee for 271 residential mortgage-backed securities trusts. The US Supreme Court considered whether debtors should have an absolute right to appeal denial of proposed bankruptcy plan after three circuit courts have found … Continue reading

March 30, 2015

Monday’s Adjudication Roundup

By Shea Cunningham

New Jersey Condominium Association files a complaint alleging that the U.S. Federal Emergency Management Agency (FEMA) breached its contracts by failing to pay flood insurance benefits for damage from Hurricane Sandy. The US Supreme Court justices are reviewing an Eleventh … Continue reading

March 23, 2015

Monday’s Adjudication Roundup

By Shea Cunningham

Court denies US Bank’s opportunity to revive suit against Citigroup over hundreds of millions of dollars in mortgage-backed securities sold during the financial crisis. IL court refuses to dismiss suit against Bank of America over lowering underwriting standards for borrowers … Continue reading

March 16, 2015

Monday’s Adjudication Roundup

By Shea Cunningham

BofA has asked a PA federal judge to dismiss a class action RICO suit alleging kickbacks from overpriced mortgage insurance claiming it is the same suit that was dismissed as time-barred by Third Circuit in October. Deloitte is potentially facing … Continue reading

March 9, 2015

Monday’s Adjudication Roundup

By Shea Cunningham

Shareholders of Deutsche Bank petitioned for cert to the U.S. Supreme Court to clarify the standard for a claim for pleading a fraudulent claim under Section 11 of the Securities Act of 1933 following the Second Circuit tossing their suit … Continue reading