We use cookies on this site to enable your digital experience. By continuing to use this site, you are agreeing to our cookie policy. close

Deutsche Bank, WMC Settle $1B Mortgage Pool Suit

Law360, New York (August 10, 2016, 2:48 PM EDT) -- Trustee Deutsche Bank National Trust Co. has asked the Second Circuit to pause an appeal of its suit accusing WMC Mortgage LLC of misrepresenting some $1 billion in bundled mortgages, saying the companies have reached a settlement.

Deutsche Bank was appealing a New York federal judge’s decision to toss the bank's claims that WMC made misrepresentations about the quality of residential mortgages it sold in 2006 as part of a $1 billion pool. Both parties on Tuesday asked the Second Circuit to pause the appeal while they iron out the final details of a settlement.

“The trustee and WMC recently executed...

Stay ahead of the curve

In the legal profession, information is the key to success. You have to know what’s happening with clients, competitors, practice areas, and industries. Law360 provides the intelligence you need to remain an expert and beat the competition.


  • Access to case data within articles (numbers, filings, courts, nature of suit, and more.)
  • Access to attached documents such as briefs, petitions, complaints, decisions, motions, etc.
  • Create custom alerts for specific article and case topics and so much more!

TRY LAW360 FREE FOR SEVEN DAYS

Attached Documents

Related

Sections

Case Information

Case Title

Subscribers Only

Case Number

Subscribers Only

Court

Appellate - 2nd Circuit

Nature of Suit

2190 CONTRACT-Other Contract Action

Date Filed

August 13, 2015

Law Firms

Companies

Government Agencies