Goldman Sachs, RMBS | JD Supra Law News

New York Appellate Court Reinstates Fraudulent Inducement Claim Against Goldman and M&T Bank

by Orrick - Structured Finance Group on 5/15/2013

On May 7, New York’s First Department appellate court reinstated CIFG Assurance North America, Inc.’s fraud claim against Goldman Sachs & Co. and M&T Bank. Last May, a New York trial court dismissed CIFG’s claim for...more

Orrick's Financial Industry Week in Review - May 13, 2013

by Orrick, Herrington & Sutcliffe LLP on 5/13/2013

In This Issue: FHFA Limit on Fannie and Freddie Loan Purchases to Qualified Mortgage; Rating Agency Developments; MBIA and Bank of America Settle MBS Litigation for $1.7 Billion: Assured and UBS Agree to Settle RMBS...more

Court Denies Goldman Sachs’s Motion to Dismiss RMBS Action Brought by Prudential

by Orrick - Structured Finance Group on 4/18/2013

On April 9, Judge Susan Wigenton of the U.S. District Court for the District of New Jersey denied Goldman Sachs’s motion to dismiss Prudential’s complaint alleging fraud in connection with the sale of $375 million in RMBS. ...more

Israeli Bank Sues UBS and Goldman Sachs Seeking a Combined $220 Million

by Orrick - Structured Finance Group on 2/5/2013

On January 29, Bank Hapoalim B.M., Israel’s largest bank, filed summonses with notice against UBS AG, Goldman Sachs & Co., and their affiliates, in the Supreme Court for the State of New York....more

Orrick's Financial Industry Week in Review - February 4, 2013

by Orrick, Herrington & Sutcliffe LLP on 2/5/2013

In This Issue: *Financial Industry Developments - SEC Extends Exemptions for Security-Based Swaps - Fed Announces Release Dates for Results of Supervisory Stress Tests and CCAR - Rating Agency Developments...more

Goldman Sachs Asks Supreme Court to Address RMBS Class Standing

by Orrick - Structured Finance Group on 11/9/2012

On October 29, 2012, Goldman Sachs filed a petition for a writ of certiorari to the United States Supreme Court to review the recent Second Circuit Court of Appeals decision on RMBS class standing....more

Prudential Files RMBS Lawsuits Against Goldman Sachs and RBS

by Orrick - Structured Finance Group on 9/19/2012

On August 21, 2012, several Prudential entities sued several RBS entities in New Jersey State court seeking to recover damages allegedly suffered in connection with over $343 million in RMBS. Prudential also sued several...more

German Bank Sues Goldman Sachs Over $189 Million in RMBS

by Orrick - Structured Finance Group on 9/19/2012

Deutsche Zentral-Genossenschaftsbank AG (DZ Bank) filed a summons with notice in New York State court on September 7, 2012, against several Goldman Sachs entities asserting claims in connection with DZ Bank’s alleged purchase...more

Second Circuit Permits Expansive Class Standing for RMBS Purchasers

by Orrick - Structured Finance Group on 9/11/2012

On September 6, 2012, the United States Court of Appeals for the Second Circuit reversed the dismissal of RMBS claims against Goldman Sachs and related entities based on lack of standing and failure to state a claim. The...more

HSH Nordbank AG Sues Goldman Sachs and Morgan Stanley Over $634 Million in RMBS

by Orrick - Structured Finance Group on 9/7/2012

Several HSH Nordbank AG affiliates filed two summonses with notice in New York state court on August 24, seeking damages, rescission and/or a declaratory judgment arising out of their purchase of roughly $524 million and $110...more

Sealink Brings $587M RMBS Lawsuit Against Goldman Sachs

by Orrick - Structured Finance Group on 8/22/2012

On August 13, Sealink Funding Ltd. filed a summons with notice against Goldman Sachs & Co. in New York state court over its purchase of nearly $587 million in residential mortgage-backed securities. Sealink alleges that the...more

Goldman Sachs Discloses SEC Will Not File Action Over RMBS Sales

by Orrick - Structured Finance Group on 8/16/2012

On August 9, Goldman Sachs disclosed in its 10-Q that the Securities and Exchange Commission has decided not to recommend an enforcement action against Goldman for disclosures connected to $1.3 billion in residential...more

US$693 Million RMBS Case Against Goldman Sachs Settled for US$26.6 Million

by Orrick - Structured Finance Group on 8/6/2012

On July 31, the Public Employees’ Retirement System of Mississippi moved for approval of a US$26.6 million settlement of an RMBS class action pending before Judge Baer of the Southern District of New York. Plaintiffs asserted...more

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Goldman Sachs › Residential Mortgage-Backed Securities