News & Analysis as of

Settlement Buyback Programs

Neal, Gerber & Eisenberg LLP

Policy Buyback Settlement Cannot Extinguish Coverage for Former Subsidiary

On July 11, 2019, in Magnetek, Inc. v. The Travelers Indem. Co., Case No. 17 C 3173, Judge Robert Gettleman of the Northern District of Illinois issued an important decision preserving insurance coverage for a former...more

Baker Donelson

MillerCoors Settles with TTB

Baker Donelson on

The Alcohol and Tobacco Tax and Trade Bureau (TTB) hasaccepted a $450,000 offer in compromise from MillerCoors, LLC for alleged violations of the trade practice provisions of the Federal Alcohol Administration (FAA) Act....more

Bilzin Sumberg

Wells Fargo Settles Mortgage Buyback Litigation with Freddie Mac for $869 Million

Bilzin Sumberg on

As of June 30 of this year, Wells Fargo & Co., this nation’s largest mortgage lender, had received demands to repurchase $1.4 Billion out of the $343 billion of residential-mortgage loans Wells Fargo sold to Freddie Mac and...more

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