News & Analysis as of

Indemnification Lehman Brothers

Bilzin Sumberg

Still Litigating the 2007-08 Financial Crisis: The Claims Keep Coming

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One would think that, as we approach 2021, litigation related to residential mortgage loans originated and sold well over a decade ago would be ancient history. Nevertheless, some suits filed years ago remain active, and,...more

Bilzin Sumberg

Lehman RMBS Settlement Likely to Spur Additional Claims

Bilzin Sumberg on

On March 8, the Bankruptcy Court for the Southern District of New York concluded a lengthy “claims estimation” trial to determine the appropriate final settlement price for a resolution of lawsuits filed on behalf of...more

Bilzin Sumberg

New Wave of Lehman Litigation Appears to Be Imminent

Bilzin Sumberg on

Thousands of mortgage lenders across the country either recently received, or will soon be receiving, this document from Lehman Brothers Holdings, Inc. (LBHI). It is a notice of a motion to approve a proposed settlement of...more

Orrick - Finance 20/20

Lehman Estate Settles Claims By RMBS Insurer and Trustee

Orrick - Finance 20/20 on

On September 20, 2016, Judge Shelley Chapman of the U.S. Bankruptcy Court for the Southern District of New York approved the $37 million settlement of $1.3 billion in claims asserted against the estates of two defunct Lehman...more

Bilzin Sumberg

Big Win for Loan Originators/Sellers in Federal Appeals Court

Bilzin Sumberg on

Six victories that clients of ours had won over Lehman and Aurora in the U.S. District Court for the District of Colorado got affirmed on January 27 by the Tenth Circuit Court of Appeals in Denver after hotly-contested rounds...more

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