The Securities Litigation Expert Blog

RMBS Litigation... It's Back

Posted by Jack Duval

Oct 3, 2012 6:16:47 AM

Just when you thought it was safe to say the RMBS suits were behind us, they're back with a vengeance.  As always, Lowenstein Sandler has it covered, in their excellent Structured Finance Litigation Blog.  Links follow:

  • New York AG Sues JP Morgan (SFB)

  • FHFA Sues HSBC (SFB)

  • HSBC Files Putback Action Against Deutsche Bank (SFB)

  • NCUA Sues Barclays (SFB)

  • Homeward Residential Files Putback Action Against Sand Canyon (SFB)

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Topics: Structured Finance Litigation Blog, Lowenstein Sandler, litigation, Homeward Residential, FHFA, HSBC, Deutsche Bank, Sand Canyon, JP Morgan, RMBS, New York Attorney General, NCUA, Barclays

RMBS Litigation Update

Posted by Jack Duval

Sep 10, 2012 5:02:24 AM

Two items hit the tape today on the RMBS litigation front:

1.  There was a win for plaintiffs in attacking the standing argument that has been so effective for defendants.  See the AmLaw piece here and the Second Circuit unanimous decision here.

2.  The National Credit Union Administration filed against UBS for over $1B in damages arising from two failed credit unions.  See the AmLaw piece here and the 148 page complaint here.  There's actually a color flowchart of the securitization process and tables and graphs showing the actual v. predicted defaults.

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Topics: Second Circuit, litigation, RMBS, NCUA, standing, credit unions

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