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National Credit Union Administration Board v. RBS Securities Inc. et al
Case Number:
2:11-cv-05887
Court:
Nature of Suit:
Judge:
Firms
- Bird Marella
- Bryan Cave
- Dechert LLP
- Elias LLC
- Ellis George
- Hueston Hennigan
- Hughes Hubbard
- Jenner & Block
- Kellogg Hansen
- Kirkland & Ellis
- Korein Tillery
- Munger Tolles
- Reid Collins
- Susman Godfrey
- Wilson Sonsini
Companies
Government Agencies
Sectors & Industries:
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September 27, 2016
Royal Bank Of Scotland To Settle MBS Suits For $1.1B
The Royal Bank of Scotland will pay the National Credit Union Administration $1.1 billion to settle legal claims over the sale of allegedly faulty mortgage-backed securities to two corporate credit unions that caused them to fail, the administration announced on Tuesday.
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April 21, 2015
RBS Must Fork Over Loan Info In NCUA MBS Suit
Four federal judges jointly rebuked RBS Securities Inc. on Monday for bogging down a National Credit Union Administration MDL over mortgage-backed securities sales that allegedly helped lead to two credit unions' failure, saying the company has stalled out on providing key information.
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March 17, 2015
RBS Misses Target On Attempt to Escape MBS Suit By NCUA
RBS Securities Inc. must face claims from the National Credit Union Administration that it misled investors over hundreds of millions of dollars in mortgage-backed securities that helped lead to the failure of a major credit union, a California federal judge ruled Monday, calling the broker-dealer's motion to dismiss premature.
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February 26, 2015
RBS Bid To Escape MBS Suit Is Improper, NCUA Says
The National Credit Union Administration board on Thursday urged a California federal judge to keep alive its claims against RBS Securities Inc. over hundreds of millions in mortgage-backed securities that helped lead to the failure of a major credit union, saying RBS' dismissal motion improperly attacked specific allegations.
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February 27, 2014
RBS Dodges Some Claims In Securities Fraud Suit
A California federal judge on Wednesday partially granted RBS Securities Inc.'s motion to dismiss the federal credit union regulator's lawsuit over $629 million in mortgage-backed securities that helped lead to the failure of a major credit union, saying they were untimely.
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October 04, 2013
RBS Wants $629M Calif. Credit Union RMBS Case Tossed
The Royal Bank of Scotland PLC on Thursday asked a federal judge in California to dismiss the federal credit union regulator's lawsuit over $629 million in mortgage-backed securities that helped lead to the failure of a major credit union.
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March 15, 2012
Goldman Sachs Can't Escape Credit Unions' MBS Suit
A California judge said Thursday he would largely preserve claims by U.S. credit regulators that Goldman Sachs & Co. and others violated securities laws by misleading investors over the riskiness of hundreds of millions in mortgage-backed securities sold to two failed credit unions.
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January 30, 2012
Credit Unions' $629M Suit Over MBS Teeters On Loss
A California federal judge told U.S. credit regulators Monday that he plans to dismiss their $629 million lawsuit accusing RBS Securities Inc. and others of misleading investors over the riskiness of mortgage-backed securities sold to Western Corporate Federal Credit Union.