News & Analysis as of

Misrepresentation Residential Mortgage-Backed Securities Mortgage-Backed Securities

Orrick, Herrington & Sutcliffe LLP

Orrick's Financial Industry Week in Review

European Commission Unveils Tax Transparency Package - The European Commission has laid out its plans in a new Tax Transparency Package to clamp down on tax deals made between EU governments and multi-national...more

Orrick - Finance 20/20

Greenpoint’s Motion to Dismiss Loan Misrepresentation Suit Granted in Part

Orrick - Finance 20/20 on

On October 15, Judge Donovan Frank of the U.S. District Court for the District of Minnesota, granted in part and denied in part Greenpoint Mortgage Funding’s motion to dismiss a lawsuit filed by Residential Funding Co., an...more

Orrick - Finance 20/20

JP Morgan Sued by Investors Over $1.7B in Mortgage-Backed Securities

Orrick - Finance 20/20 on

On August 21, a collection of investors including Phoenix Light SF Limited, Blue Heron Funding II Ltd. and Kleros Preferred Funding V PLC (the Investors) brought suit against a number of JP Morgan and Bear Stearns entities in...more

Orrick - Finance 20/20

Assured Wins $90 Million in Damages in RMBS Breach of Contract Trial

Orrick - Finance 20/20 on

On February 6, Judge Rakoff of the Southern District of New York ruled in favor of monoline insurer Assured Guarantee Municipal Corp. against Flagstar Bank FSB after presiding over a bench trial seeking damages for breach of...more

Bilzin Sumberg

New Precedent that Holds Banks Responsible?

Bilzin Sumberg on

The legal press is abuzz with reports of a New York federal judge’s award of a $90.1 million judgment to mortgage insurer Assured Guaranty Corp. after a lengthy trial in its suit against Flagstar Bank FSB....more

5 Results
 / 
View per page
Page: of 1

"My best business intelligence, in one easy email…"

Your first step to building a free, personalized, morning email brief covering pertinent authors and topics on JD Supra:
*By using the service, you signify your acceptance of JD Supra's Privacy Policy.
- hide
- hide