July 25, 2013
Federal Government’s a Fairholme-weather Friend?
Following up on my posts (here and here) about other suits against the federal government over its amendment of the terms of the distribution of dividends and other payments by Fannie Mae and Freddie Mac, I now look at Fairholme … Continue reading
July 25, 2013 in Upstream litigation by date | Permalink | No Comments
July 24, 2013
Fairholme or Foul? Investor Complaint Over Fannie and Freddie Preferred
I recently reviewed the complaint filed by former Solicitor General Olson in Perry Capital LLC v. Lew and today I review the complaint in a similar lawsuit, Fairholme Funds, Inc. v. United States, filed July 9, 2013. Fairholme filed another … Continue reading
July 24, 2013 in Upstream litigation by date | Permalink | No Comments
July 18, 2013
DoJ All FIRREA-ed Up With S&P Suit
Law360 quoted me in a story, Prosecutors Unleashed As $5B S&P Action Rolls On (behind a paywall), about DoJ’s success in fending off S&P’s motion to dismiss its FIRREA case. It reads in part While the latest ruling against S&P … Continue reading
July 18, 2013 in Upstream litigation by date | Permalink | No Comments
July 17, 2013
What Was S&P Puffing?
I have been closely following DoJ’s suit against S&P since the complaint was filed in February (and see here, here and here). DoJ alleges that S&P “issued or confirmed ratings that did not accurately reflect true credit risks” and seeks … Continue reading
July 17, 2013 in Upstream litigation by date | Permalink | No Comments
July 15, 2013
Where’s Perry? Are Phannie and Freddie Busted?!?
With all apologies to Perry the Platypus who stars in my sons’ favorite TV show, Phineas and Ferb, today I look at the complaint in Perry Capital, LLC v. Lew et al. Perry Capital has sued the federal government for … Continue reading
July 15, 2013 in Upstream litigation by date | Permalink | No Comments
July 9, 2013
Ohio Court Grants in Part Securitization Sponsors’ Motions to Dismiss
In Western & Southern Life Ins. Co. v. Residential Funding Co., No. A1105042, slip op. at 15 (Ohio Ct. Common Pleas June 6, 2012), an Ohio state trial court granted in part and denied in part motions to dismiss brought … Continue reading
July 9, 2013 in Upstream litigation by date | Permalink | No Comments
July 5, 2013
BofA No Worm Ouroboros
The Worm Ouroboros of myth was a gigantic serpent that encircled the earth only to bite its own tail. Judge Sweet (SDNY) has ruled that Bank of America is no modern-day Ouroboros that is so enormous that it must sue … Continue reading
July 5, 2013 in Upstream litigation by date | Permalink | No Comments
