August 24, 2018
GSE Shareholders Floored, Again
The United States Court of Appeals for the Eighth Circuit issued an opinion in Saxton v. FHFA (No. 17-1727, Aug. 23, 2018). The Eighth Circuit joins the Fifth, Sixth, Seventh and D.C. Circuits in rejecting the arguments of Fannie and … Continue reading
August 24, 2018 in Investor lawsuits | Permalink | 1 Comment
December 7, 2015
Equitable Subrogation in Mortgage Refinancing
I am speaking on Equitable Subrogation in Mortgage Refinancing and Land Purchase Transactions in an ABA Professor’s Corner webinar on Wednesday with Professor Wilson Freyermuth of the University of Missouri School of Law. If this sounds like an esoteric topic, it is! … Continue reading
December 7, 2015 in Investor lawsuits | Permalink | No Comments
December 3, 2015
Reps and Warranties Mean What They Say
The New York Appellate Division, 1st Department, issued a ruling in Bank of New York Mellon v. WMC Mortgage, 654464/12 (Dec. 1, 2015) that stands for the proposition that representations and warranties regarding mortgage-backed securities mean what they say and say … Continue reading
December 3, 2015 in Investor lawsuits | 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 Investor lawsuits | Permalink | No Comments
August 24, 2015
Monday’s Adjudication Roundup
Building investors sue Waterbridge Capital LLC for $10 million for allegedly selling units and pocketing profits, refusing to pay back its investors. Hurricane Sandy $25 million contract-insurance suit is dismissed against one of the defendants, Arch Insurance Group and its … Continue reading
August 24, 2015 in Investor lawsuits | Permalink | No Comments
August 17, 2015
Monday’s Adjudication Roundup
Plaintiffs in class action suit against JPMorgan Chase & Co., who were fraudulently charged unnecessary home inspection fees, argue that the bank cannot avoid class certification because Chase admitted that “determining whether an inspection was reasonable requires an assessment of … Continue reading
August 17, 2015 in Investor lawsuits | Permalink | No Comments
June 29, 2015
Monday’s Adjudication Roundup
Massachusetts’s federal court found that a unit of Deutsche Bank AG failed to vet some residential mortgage-backed securities, which mislead Massachusetts Mutual Life Insurance Co. US Bank filed an amended complaint claiming that Citigroup Global Markets Realty Corp. and CitiMortgage … Continue reading
June 29, 2015 in Investor lawsuits | Permalink | No Comments
