April 20, 2015
Monday’s Adjudication Roundup
Former Freddie Mac executives, who were accused of lying about Freddie’s exposure to subprime mortgages before the financial crisis, settled with the SEC. Citibank shareholders slam the Bank’s motion to dismiss a case over mortgage-backed securities worth more than $17 … Continue reading
April 20, 2015 in Downstream litigation | Permalink | No Comments
April 16, 2015
Thursday’s Advocacy & Think Tank Round-Up
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 16, 2015 in Downstream litigation | Permalink | No Comments
April 13, 2015
Monday’s Adjudication Roundup
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 13, 2015 in Downstream litigation | Permalink | No Comments
April 6, 2015
Monday’s Adjudication Roundup
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
April 6, 2015 in Downstream litigation | Permalink | No Comments
March 30, 2015
Monday’s Adjudication Roundup
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 30, 2015 in Downstream litigation | Permalink | No Comments
March 23, 2015
Monday’s Adjudication Roundup
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 23, 2015 in Downstream litigation | Permalink | No Comments
March 16, 2015
Monday’s Adjudication Roundup
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 16, 2015 in Downstream litigation | Permalink | No Comments
