New York Trial Begins in Bond Insurer Case Over Mortgage-Backed Securities September 8, 2022 By Jody Godoy Bond insurer Ambac Financial Group Inc. cannot prove its $2.7 billion case against Bank of America over troubled mortgage-backed securities...
Investors Betting Against U.S. Mortgage Market Are Banking on Mispriced Flood Risk October 3, 2019 By Kate Duguid David Burt helped two of the protagonists of Michael Lewis’ book The Big Short bet against the U.S. mortgage market...
Supreme Court Rejects Banks’ Appeal Over Mortgage Securities Marketing June 27, 2018 (Reuters) – The U.S. Supreme Court declined on Monday to hear an appeal brought by Nomura Holdings Inc. and the...
Prudential Fraud Claims Against Goldman Sachs Over Securities Dismissed January 7, 2014 By David Voreacos Prudential Financial Inc. agreed to dismiss its claims that Goldman Sachs Group Inc. engaged in fraud and racketeering in selling...
Allstate Settles Lawsuit Against Deutsche Bank Over Mortgage Securities December 27, 2013 By Chris Dolmetsch Deutsche Bank AG and Allstate Corp. settled a suit the insurer brought that accused the bank of misrepresentations and omissions...
S&P Wins Transfer of Ratings Lawsuits by States to Federal Court in New York June 7, 2013 By Jonathan Stempel and Luciana Lopez Standard & Poor’s and its parent company McGraw Hill Financial Inc. on Thursday won a ruling that moves 15 lawsuits...
AIG Ends a Bailout-Related Lawsuit Against N.Y. Federal Reserve May 30, 2013 By Jonathan Stempel American International Group Inc. has agreed to end litigation against the Federal Reserve Bank of New York over whether the...
States Drop Challenge to $8.5B Bank of America Deal; AIG Still Opposes May 6, 2013 By Karen Freifeld The New York and Delaware attorneys general and the U.S. housing regulator on Friday dropped their objections to Bank of...
Government’s Case Against S&P: Ratings Stopped Making Sense February 6, 2013 By Jonathan Stempel Barely two weeks after the big subprime lender New Century Financial Corp. went bankrupt, a top Standard & Poor’s executive...