February 23, 2015

Monday’s Adjudication Roundup

By Shea Cunningham

Federal judge reprimands Wells Fargo for forged mortgage documents in connection with foreclosure in NY. Goldman Sachs, among others, argues to SDNY that it was wrongfully included in litigation over requiring mortgage customers to purchase force-placed insurance and taking kickbacks. … Continue reading

February 13, 2015

Reiss on $1.5B S&P Settlement

By David Reiss

Westlaw Journal Derivatives quoted me in S&P Settles Fraud Suits for $1.5 Billion. The story reads in part, Standard & Poor’s has agreed to pay $1.5 billion to settle lawsuits filed by the U.S. Department of Justice, 19 states and … Continue reading

February 4, 2015

The GSE Litigation Footnote Everyone Is Talking About

By David Reiss

Judge Pratt (S.D.Iowa) ruled against the plaintiffs in the GSE shareholderr litigation, Continental Western Insurance Company v. The FHFA et al. (4:14-cv-00042, Feb. 3, 2015). The Judge’s order is mostly an analysis of why this case should be dismissed because … Continue reading

February 3, 2015

Reiss on Financial Crisis Litigation

By David Reiss

Law360 quoted me in Feds’ Moody’s Probe Marks Closing Of Financial Crisis Book (behind a paywall). It opens, A reported investigation into Moody’s Investors Service’s ratings of residential mortgage-backed securities during the housing bubble era could be the beginning of … Continue reading

January 29, 2015

Krimminger and Calabria on Conservatorships

By David Reiss

By Michael Krimminger and Mark Calabria have shared The Conservatorships of Fannie Mae and Freddie Mac: Actions Violate HERA and Established Insolvency Principles. The paper opens, When the Federal Housing Finance Agency (“FHFA”) was appointed conservator for Fannie Mae and … Continue reading

January 26, 2015

Are Billions Enough?

By David Reiss

Jenner & Block has issued the Citi Monitorship First Report. By way of background, The Settlement Agreement resolved potential federal and state legal claims for violations of law in connection with the packaging, marketing, sale, structuring, arrangement, and issuance of … Continue reading

January 2, 2015

Reiss on Real Estate Cases To Watch In 2015

By David Reiss

Law360 quoted me in Real Estate Cases To Watch In 2015 (behind a paywall). It reads, in part, As the real estate deals market has heated up, so have litigation dockets. And several cases with national or regional importance for … Continue reading