March 13, 2015
Reiss on Toxic Debt Claims
Bloomberg quoted me in Nomura First to Fight U.S. Toxic Debt Claims at Trial. The article reads in part, Nomura Holdings Inc. will defend claims by a U.S. regulator that it sold defective mortgage-backed securities to Fannie Mae and Freddie Mac … Continue reading
March 13, 2015 in Government lawsuits | Permalink | No Comments
February 23, 2015
Monday’s Adjudication Roundup
Federal judge reprimands Wells Fargo for forged mortgage documents in connection with foreclosure in NY. Goldman Sachs, among others, argues to SDNY that it was wrongfully included in litigation over requiring mortgage customers to purchase force-placed insurance and taking kickbacks. … Continue reading
February 23, 2015 in Government lawsuits | Permalink | No Comments
February 13, 2015
Reiss on $1.5B S&P Settlement
Westlaw Journal Derivatives quoted me in S&P Settles Fraud Suits for $1.5 Billion. The story reads in part, Standard & Poor’s has agreed to pay $1.5 billion to settle lawsuits filed by the U.S. Department of Justice, 19 states and … Continue reading
February 13, 2015 in Government lawsuits | Permalink | No Comments
February 3, 2015
Reiss on Financial Crisis Litigation
Law360 quoted me in Feds’ Moody’s Probe Marks Closing Of Financial Crisis Book (behind a paywall). It opens, A reported investigation into Moody’s Investors Service’s ratings of residential mortgage-backed securities during the housing bubble era could be the beginning of … Continue reading
February 3, 2015 in Government lawsuits | Permalink | No Comments
January 26, 2015
Are Billions Enough?
Jenner & Block has issued the Citi Monitorship First Report. By way of background, The Settlement Agreement resolved potential federal and state legal claims for violations of law in connection with the packaging, marketing, sale, structuring, arrangement, and issuance of … Continue reading
January 26, 2015 in Government lawsuits | Permalink | No Comments
December 23, 2014
Reiss on Ocwen Settlement
Law360 quoted me in New York’s Ocwen Deal Sets Tough Precedent For Regulators (behind a paywall). It reads in part, New York regulators ordered Ocwen Financial Corp. to pay $150 million in hard cash and barred the company from claiming … Continue reading
December 23, 2014 in Government lawsuits | Permalink | No Comments
October 20, 2014
Reiss on Catching FIRREA
Inside ABS & MBS quoted me in Experts: New AG Likely to Continue Aggressive Use of FIRREA Against Industry, Individual Executives Targeted (behind a paywall). It reads in part, Mortgage industry executives should be aware and expect continued – and … Continue reading
October 20, 2014 in Government lawsuits | Permalink | No Comments
