REFinBlog

Editor: David Reiss
Brooklyn Law School

December 14, 2015

Monday’s Adjudication Roundup

By Shea Cunningham

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

November 30, 2015

Monday’s Adjudication Roundup

By Shea Cunningham

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 2, 2015

Monday’s Adjudication Roundup

By Shea Cunningham

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

October 19, 2015

Monday’s Adjudication Roundup

By Shea Cunningham

The U.S. Securities and Exchange Commission were granted its request to freeze Luca International Group LLC’s CEO’s assets. He allegedly engaged in a “Ponzi-like” scheme with EB-5 investors. New York appeals court revived claims against Nomura Holdings Inc. brought by … Continue reading

September 28, 2015

Monday’s Adjudication Roundup

By Shea Cunningham

Union pension funds have filed a petition for cert in the U.S. Supreme Court to consider whether Bank of New York Mellon Corp. is liable for failure in oversight of 26 trusts of over $30 billion in residential mortgage-backed securities. … Continue reading

July 20, 2015

Monday’s Adjudication Roundup

By Shea Cunningham

Primary Capital Advisors LLC will face suit for selling bad loans to a Residential Capital LLC subsidiary, putting the parent company into bankruptcy, because the contract language was ambiguous. California federal court approved Diversified Lending Group’s $163 million settlement with … Continue reading

July 6, 2015

Monday’s Adjudication Roundup

By Shea Cunningham

Quicken Loans Inc. argues that its suit against the federal government is valid because it is more than just a fraud case. It claims that it is about broader issues with government housing programs. A class action suit against JPMorgan … Continue reading