Editor: David Reiss
Brooklyn Law School

February 1, 2016

Rigged Justice

By David Reiss

The Office of Senator Elizabeth Warren has released Rigged Justice: 2016 How Weak Enforcement Lets Corporate Offenders Off Easy. The Executive Summary states, When government regulators and prosecutors fail to pursue big corporations or their executives who violate the law, … Continue reading

January 11, 2016

Monday’s Adjudication Roundup

By Shea Cunningham

New York state appeals court affirmed denying dismissal of claims against Morgan Stanley for fraud. Plaintiff bought $17 million in high-risk notes tied to residential mortgage-backed securities in a $500 million collateralized debt obligation that eventually were wiped out. Quicken … Continue reading

August 25, 2015

Bank Settlements and the Arc of Justice

By David Reiss

Martin Luther King, Jr. said that the “arc of the moral universe is long, but it bends towards justice.” A recent report by SNL Financial (available here, but requires a lot of sign-up info) offers us a chance to evaluate … Continue reading

August 24, 2015

Monday’s Adjudication Roundup

By Shea Cunningham

Building investors sue Waterbridge Capital LLC for $10 million for allegedly selling units and pocketing profits, refusing to pay back its investors. Hurricane Sandy $25 million contract-insurance suit is dismissed against one of the defendants, Arch Insurance Group and its … Continue reading

August 14, 2015

Smoldering FIRREA

By David Reiss

American Banker quoted me in Banks Take Losses in MBS Case Appeals; Is Supreme Court Next? (behind a paywall) The story reads, in part, Banks that sold faulty mortgage-backed securities right before the crisis have suffered a string of legal defeats … Continue reading

August 7, 2015

What To Do With MERS?

By David Reiss

Bloomberg BNA quoted me in More Policy Queries As MERS Racks Up Court Wins (behind a paywall). The article further discusses the case I had blogged about earlier this week.  It reads, in part, Mortgage Electronic Registration Systems, Inc. (MERS), the keeper of … Continue reading

August 4, 2015

MERS Victorious

By David Reiss

The U.S. Court of Appeals for the Third Circuit ruled in favor of MERS in Montgomery County v. MERSCORP, (August 3, 2015, No. 15-1219) (Barry, J.). MERS, for the uninitiated, is a national electronic loan registry system that permits its members to freely … Continue reading