January 22, 2014
S&P’s Fightin’ Words
S&P filed a memorandum in support of its motion to compel discovery in the FIRREA case that the United States brought against S&P last year. S&P comes out fighting in this memorandum, arguing that the “lawsuit is retaliation for S&P’s … Continue reading
January 22, 2014 in Upstream litigation by date | Permalink | No Comments
December 27, 2013
Individual Liability for RMBS Misrepresentations
Judge Cote (SDNY) issued an Opinion and Order in Federal Housing Finance Agency v. HSBC North America Holdings Inc, et al., 11-cv-06201 (Dec. 10, 2013). The opinion relates to the potential liability of individuals who signed various documents containing alleged … Continue reading
December 27, 2013 in Upstream litigation by date | Permalink | No Comments
December 26, 2013
Battle of the Mortgage Experts
Judge Saris of the United States District Court (D. Mass.) issued a Memorandum and Order in Massachusetts Mutual Life Insurance Company v. Residential Funding Company, et al., No. 11-30035-PBS (Dec. 9, 2013). The opinion addresses a battle of statistical experts … Continue reading
December 26, 2013 in Upstream litigation by date | Permalink | No Comments
December 20, 2013
More on Misrepresentation
NY Supreme Court Justice Schweitzer (NY County) issued a Decision and Order on a motion to dismiss in HSH Nordbank AG, et al., v. Goldman Sachs Group, Inc., et al., No. 652991/12 (Nov. 26, 2013) that builds on the NY … Continue reading
December 20, 2013 in Upstream litigation by date | Permalink | No Comments
November 25, 2013
Doing Justice with the $13B JPMorgan Settlement
I have posted a couple of items on this massive settlement (here and here). This should be my last one. Perhaps I am ungrateful, but the Statement of Facts agreed upon by the Department of Justice and JPMorgan Chase left … Continue reading
November 25, 2013 in Upstream litigation by date | Permalink | No Comments
November 21, 2013
And How About the Just?
Some believe that there are 36 righteous people whose existence justifies the whole of humanity. Each bears the world’s pain and the world would come to an end without these Just ones. Oddly enough, I was thinking about this story … Continue reading
November 21, 2013 in Upstream litigation by date | Permalink | No Comments
November 20, 2013
Reiss on $13B JPMorgan Settlement in CSM
The Christian Science Monitor quoted me in JPMorgan Chase settles. Is $13 billion for role in mortgage crisis fair? The story reads in part, The settlement does not, however, release any individuals within JPMorgan from further criminal or civil charges. … Continue reading
November 20, 2013 in Upstream litigation by date | Permalink | No Comments
