April 4, 2016
Monday’s Adjudication Roundup
- Massachusetts Mutual Life Insurance Co. settled with a Barclays unit for claims that the lender lied about the quality of $175 million in residential mortgage-backed securities.
- A New York court dismissed case against Deutsche Bank AG for $330 million in losses from toxic residential mortgage-backed securities, finding that HSBC as trustee lacked standing to bring suit.
- The S. government urged the court to allow the False Claims Act suit against Quicken Loans for falsely certifying Federal Housing Administration loans.
- The New York appeals court found that Deutsche Bank is free from $30 million suit for collateralized debt obligation backed by toxic assets.