June 15, 2015
Monday’s Adjudication Roundup
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 15, 2015 in Upstream litigation | Permalink | No Comments
June 1, 2015
Monday’s Adjudication Roundup
NY Federal Court ended the suit against US Bank and Bank of America brought by Blackrock and NCUA for failure to properly oversee residential mortgage-backed security trusts finding that most of the trusts fell under state law. Deutsche Bank, Morgan … Continue reading
June 1, 2015 in Upstream litigation | Permalink | No Comments
May 27, 2015
Seeking Justice Through Litigation
Judge Caproni (SDNY) issued an Opinion and Order in Adkins v. Morgan Stanley, No. 12-CV-7667 (May 14, 2015). It opens, This is one of many cases arising out of the collapse of the housing market. This one comes with a twist: … Continue reading
May 27, 2015 in Upstream litigation | Permalink | No Comments
May 21, 2015
AG Lynch on Wall Street
Institutional Investor quoted me in Will New Attorney General Loretta Lynch Shake up Wall Street? It opens, Those unhappy with the lack of personal accountability for the 2008–’09 financial crisis are running out of time to see justice served: In … Continue reading
May 21, 2015 in Upstream litigation | Permalink | No Comments
May 12, 2015
FHFA’s $500MM Win
Bloomberg quoted me in Nomura, RBS Defective-Bond Suit Loss Seen Spurring Deals. It reads, in part, Nomura Holdings Inc. and Royal Bank of Scotland Group Plc may face $500 million in damages for what a judge called an “enormous” deception in … Continue reading
May 12, 2015 in Upstream litigation | Permalink | No Comments
May 6, 2015
LawProfs in MERS Litigation
The Legal Services Center of Harvard Law School (through Max Weinstein et al.); Melanie Leslie, Benjamin N. Cardozo School of Law; Joseph William Singer, Harvard Law School; Rebecca Tushnet, Georgetown University Law Center and I filed an amicus brief in County of Montgomery … Continue reading
May 6, 2015 in Upstream litigation | Permalink | No Comments
April 27, 2015
Monday’s Adjudication Roundup
Quicken Loans Inc. filed a complaint against the Justice Department and the U.S. Department of Housing and Urban Development claiming that they tried to get Quicken to make false admissions during a settlement. The Government in turn sued Quicken under … Continue reading
April 27, 2015 in Upstream litigation | Permalink | No Comments
