December 21, 2015
Monday’s Adjudication Roundup
Class action suit filed against JPMorgan for alleged illegal demand of payment from junior mortgage holders who’s senior mortgages had been foreclosed. The class claims that JPMorgan’s demands violated several California laws. PHH Corp. urges the DC Circuit to vacate … Continue reading
December 21, 2015 in Downstream litigation | Permalink | No Comments
December 14, 2015
Monday’s Adjudication Roundup
EB-5 fraud case will get a jury trial contrary to the request from the SEC. The court rejected the SEC’s attempt to block it claiming it came too late. Wells Fargo settles with a group of homeowners for $25.7 million … Continue reading
December 14, 2015 in Downstream litigation | Permalink | No Comments
December 2, 2015
Wednesday’s Academic Roundup
Inflation and Activity – Two Explorations and Their Monetary Policy Implications, Olivier J. Blanchard, Eugenio Cerutti & Lawrence H. Summers, HKS Working Paper No. 070. Real Estate Value Impacts from Fracking: Industry Response and Proper Analytical Techniques, Richard Roddewig & … Continue reading
December 2, 2015 in Downstream litigation | Permalink | No Comments
November 30, 2015
Monday’s Adjudication Roundup
BNY Mellon files a brief on writ for cert with the Supreme Court warning the potential for “warping” the residential mortgage-backed securities market if it overturns the Second Circuit’s decision finding that provisions of the Trust Indenture Act did not … Continue reading
November 30, 2015 in Downstream litigation | Permalink | No Comments
November 16, 2015
Monday’s Adjudication Roundup
Following SCOTUS’s March Omnicare decision, a pension fund is claiming that the Second Circuit failed to take into account said decision in failing to revive Bank of America mortgage suit. The plaintiff requests SCOTUS’s review. U.S. District Court judge dismisses … Continue reading
November 16, 2015 in Downstream litigation | Permalink | No Comments
November 2, 2015
Monday’s Adjudication Roundup
Federal judge grants the SEC request for appointment of a receiver for the $136 million EB-5 fraud case involving Path America LLC and its two subsidiaries to monitor the companies to ensure their assets are not lost during the proceedings. … Continue reading
November 2, 2015 in Downstream litigation | Permalink | No Comments
October 26, 2015
Monday’s Adjudication Roundup
TCW Asset Management Co. will continue to face $128 million suit from investors for allegedly lying about the value of mortgage-backed securities. A court found that the City of Saratoga Springs failed to timely appeal in case over incorporation of … Continue reading
October 26, 2015 in Downstream litigation | Permalink | No Comments
