CUNA Mutual Sues To Recoup $280M In RMBS Purchases

Law360, New York (August 16, 2013, 3:49 PM ET) -- Affiliates of mutual insurance company CUNA Mutual Group sued six investment banks Thursday in a bid to undo their purchases of stakes worth $280 million in mortgage-backed securities offerings the insurers say they were tricked into buying.

Three affiliates of Wisconsin-based CUNA Mutual are accusing UBS Securities LLC, Morgan Stanley & Co. LLC, JPMorgan Securities LLC, Banc of America Securities LLC, Nomura Securities International Inc. and Goldman Sachs & Co. of misrepresenting the credit risk associated with pools of residential mortgage loans that served as collateral...
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Case Information

Case Title

CMFG Life Insurance Company et al v. Goldman s


Case Number

3:13-cv-00575

Court

Wisconsin Western

Nature of Suit

Contract: Other

Judge

William M. Conley

Date Filed

August 15, 2013


Case Title

CMFG Life Insurance Company v. UBS Securities, LLC


Case Number

3:13-cv-00576

Court

Wisconsin Western

Nature of Suit

Contract: Other

Judge

William M. Conley

Date Filed

August 15, 2013


Case Title

CMFG Life Insurance Company et al v. Morgan Stanley & Co., LLC


Case Number

3:13-cv-00577

Court

Wisconsin Western

Nature of Suit

Contract: Other

Judge

Rudolph T. Randa

Date Filed

August 15, 2013


Case Title

CMFG Life Insurance Company et al v. Nomura Securities International, Inc.


Case Number

3:13-cv-00578

Court

Wisconsin Western

Nature of Suit

Contract: Other

Judge

William M. Conley

Date Filed

August 15, 2013


Case Title

CMFG Life Insurance Company et al v. Banc of America Securities, LLC et al


Case Number

3:13-cv-00579

Court

Wisconsin Western

Nature of Suit

Contract: Other

Judge

William M. Conley

Date Filed

August 15, 2013


Case Title

CMFG Life Insurance Company et al v. J.P. Morgan Securities, LLC et al


Case Number

3:13-cv-00580

Court

Wisconsin Western

Nature of Suit

Contract: Other

Judge

William M. Conley

Date Filed

August 15, 2013

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