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Allstate Insurance Company et al v. Citimortgage, Inc. et al
Case Number:
1:11-cv-01927
Court:
Nature of Suit:
Judge:
Firms
Companies
Sectors & Industries:
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March 14, 2012
$200M MBS Suit Against Citigroup Moved To State Court
Allstate Insurance Co.'s $200 million suit over risky mortgage-backed securities bought from Citigroup Inc. belongs in state court despite the bankruptcy of a mortgage originator responsible for some loans pooled in the securities, a New York federal judge ruled Tuesday.
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April 19, 2011
Allstate Fights To Return $1B MBS Row To State Court
Allstate Insurance Co. asked a New York federal court Monday to return to state court its suits accusing Citigroup Inc., JPMorgan Chase Bank NA and Deutsche Bank AG of downplaying the risks of more than $1 billion in mortgage-backed securities.