November 15, 2013
Reiss on Fannie and Freddie Buyout
Law360 quoted me in Fairholme Changes The Game For Fannie And Freddie (behind a paywall). It reads in part, Fairholme Capital Management LLC’s plan to buy Fannie Mae’s and Freddie Mac’s insurance businesses will likely turn out to be more … Continue reading
November 15, 2013 in Upstream litigation by date | Permalink | No Comments
October 24, 2013
Reiss on Countrywide Verdict
Law360 interviewed me in DOJ’s Countrywide Win Could Force More Bank Settlements (behind a paywall). The story opens The U.S. Department of Justice’s victory in a case against Bank of America Corp.’s Countrywide subsidiary over a housing-bubble-era mortgage program shows … Continue reading
October 24, 2013 in Upstream litigation by date | Permalink | No Comments
September 17, 2013
Moody Misrepresentation
Judge Daniels (SDNY) granted Moody’s motion for summary judgment in In re Moody’s Corporation Securities Litigation, No. 07 Civ. 8375 (Aug. 23, 2013). This is a big win for Moody’s, but I did find the following passage striking in its … Continue reading
September 17, 2013 in Upstream litigation by date | Permalink | No Comments
September 16, 2013
Misrepresentation and Wholesale Misrepresentation
Federal Judge Lungstrum (D. Kan.) issued a Memorandum and Order in National Credit Union Administrative Board v. RBS Securities, Inc. et al., No. 11-2340 (Sept. 12, 2013). The Board, as conservator and liquidating agent of the U.S. Central Federal Credit … Continue reading
September 16, 2013 in Upstream litigation by date | Permalink | No Comments
September 13, 2013
Round One to California in Suit Against S&P
California Superior Court Judge Karnow issued a Memorandum Order Overruling Defendants’ Demurrers in California v. The McGraw-Hill Cos. et al., CGC-13-528491 (Aug. 14, 2013 San Francisco County). California Attorney General Harris alleged “that S&P intentionally inflated its ratings for … Continue reading
September 13, 2013 in Upstream litigation by date | Permalink | No Comments
August 27, 2013
Whither The Housing Trust Fund?
As part of my review of the litigation surrounding the newly-profitable Fannie And Freddie (here, here, here and here), I turn to the complaint filed by “extremely low income tenants in desperate need of affordable housing” and the National Low … Continue reading
August 27, 2013 in Upstream litigation by date | Permalink | No Comments
August 20, 2013
Judge Rakoff Is All FIRREA-ed Up
Law360 quoted me in a story, Rakoff Gives DOJ License To Be Bold In Bank Crackdown (behind a paywall), that reads in part, U.S. District Judge Jed S. Rakoff’s expansive Monday opinion backing the federal government’s $1 billion mortgage fraud … Continue reading
August 20, 2013 in Upstream litigation by date | Permalink | No Comments
