Radian Settles With Deutsche Bank Over MBS Policy

Law360, New York (July 11, 2011, 3:22 PM EDT) -- Radian Insurance Inc. on Friday settled the remainder of a Pennsylvania suit against Financial Guaranty Insurance Co. and a Deutsche Bank AG unit over alleged false statements regarding the quality of mortgages that were insured by Radian policies.

The suit, filed in June 2008, had sought to void or rescind the insurance policies issued to Deutsche Bank National Trust Co. in its role as trustee of three mortgage-backed securities trusts created by IndyMac Bank. The trusts were created to sell the securities to investors.

U.S. District...
To view the full article, register now.

Documents

Related

Sections

Case Information

Case Title

RADIAN INSURANCE, INC. v. DEUTSCHE BANK NATIONAL TRUST et al


Case Number

2:08-cv-02993

Court

Pennsylvania Eastern

Nature of Suit

Insurance

Judge

MICHAEL M. BAYLSON

Date Filed

June 26, 2008

Law Firms

Companies

Government Agencies

Law360 Pro Say Podcast
Check out Law360's new podcast, Pro Say, which offers a weekly recap of both the biggest stories and hidden gems from the world of law.