News & Analysis as of

Residential Mortgage-Backed Securities Indemnification

Residential Mortgage-Backed Securities are financial instruments consisting of residential mortgages pooled together to form larger more complex financial commodities.
Bilzin Sumberg

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

Bilzin Sumberg on

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

Chase Lets Loose a Barrage of New Indemnification Demand Letters

Bilzin Sumberg on

Ten years after the financial crisis, mortgage companies and regional/local banks are still getting hit with new breach of contract and indemnification claims related to loans sold before the crisis....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

Orrick - Finance 20/20

Proposed Class Accuses Deutsche Bank of Improperly Using Funds for Legal Defense

Orrick - Finance 20/20 on

On August 4, 2017, Royal Park Investments SA/NV filed a proposed class action against Deutsche Bank National Trust Co. (“DBNTC“) in the U.S. District Court for the Southern District of New York, claiming that DBNTC—in its...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

Hinshaw & Culbertson LLP

New York and North Carolina Take a Narrow Approach to Common Interest Doctrine

Brief Summary - The "common interest doctrine" generally protects attorney-client communications, even if such communications are disclosed to a third party, as long as the third party shares a common legal interest with...more

Orrick - Finance 20/20

J.P. Morgan Brings $1 Billion Claim Against FDIC for WaMu RMBS Indemnification

Orrick - Finance 20/20 on

On December 17, J.P. Morgan Chase Bank filed a complaint in the United States District Court for the District of Columbia against the Federal Deposit Insurance Corporation (FDIC) seeking $1 billion in indemnification for...more

Orrick - Finance 20/20

Court Issues Summary Judgment Ruling in MBIA’s RMBS Action Against Countrywide

On April 29, Justice Eileen Bransten of the New York State Supreme Court issued an opinion granting in part and denying in part competing motions for summary judgment filed by MBIA and Countrywide in connection with tort and...more

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