News & Analysis as of

Breach of Contract US Bank

Orrick - Finance 20/20

U.S. Bank Sues Countrywide for $178M in RMBS Losses

On June 25, 2015, U.S. Bank, in its capacity as Trustee for the LXS 2007-7N Trust, filed a summons with notice in New York Supreme Court against Countrywide Home Loans (“CHL”), Countrywide Home Loans Servicing LP...more

Orrick - Finance 20/20

Court Dismisses U.S. Bank’s RMBS Repurchase Claims Against Citigroup as Too Speculative

Orrick - Finance 20/20 on

On November 14, Judge George B. Daniels of the United States District Court for the Southern District of New York dismissed several of U.S. Bank’s repurchase claims against Citigroup Global Markets Realty Corp. U.S. Bank...more

Orrick - Finance 20/20

Breach of Contract Claims against J.P. Morgan and EMC Dismissed as Time-Barred

Orrick - Finance 20/20 on

On August 19, in an oral ruling from the bench, Vice Chancellor J. Travis Laster of the Delaware Chancery Court dismissed as time-barred loan repurchase claims brought by U.S. Bank as trustee of an RMBS trust against JPMorgan...more

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