April 10, 2017
Monday’s Adjudication Roundup
- A Brooklyn federal judge on Friday cast doubt on an expected push by Barclays PLC to dismiss the U.S. Department of Justice’s case accusing the British bank and two former employees of deceiving investors about the quality of $31 billion worth of residential mortgage-backed securities.
- Morgan Stanley on Wednesday asked a New York state judge to quash a pair of lawsuits brought by the trustee for more than $2.5 billion of toxic residential mortgage-backed securities.
- The Bank of New York Mellon asked a New York federal judge on Tuesday to reconsider his decision to let Commerzbank AG’s billion-dollar case proceed against it for poor oversight of residential mortgage-backed securities trusts, saying the case came too late under German law.
- Fannie Mae and Freddie Mac investors whose class claims against the government-backed mortgage companies were largely thrown out asked the full D.C. Circuit on Friday to fix a panel ruling that could make it harder for the investors to fight for what is left
