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National Credit Union Administration Board v. RBS Securities, Inc. et al
Case Number:
2:11-cv-02340
Court:
Nature of Suit:
Judge:
Firms
- Berkowitz Oliver
- Bryan Cave
- DiCello Levitt
- Elias LLC
- Ervin Cohen
- Foulston Siefkin
- Goodell Stratton
- Hughes Hubbard
- Husch Blackwell
- Jenner & Block
- Kellogg Hansen
- Kirkland & Ellis
- Korein Tillery
- Lathrop GPM
- Lewis Brisbois
- Munger Tolles
- Orrick Herrington
- Polsinelli PC
- Sandberg Phoenix
- Shook Hardy
- Stueve Siegel
- Willenken LLP
Companies
- Morgan Stanley
- Ocwen Financial Corp.
- The Goldman Sachs Group Inc.
- The Royal Bank of Scotland Group PLC
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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September 02, 2016
Jury Must Decide Timeliness In NCUA MBS Suit, Says Judge
A federal judge in Kansas on Thursday denied opposing bids by the federal credit union regulator and two banks, including the Royal Bank of Scotland Group PLC, to end litigation over $1 billion in mortgage-backed securities that felled a credit union in that state.
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September 12, 2013
RBS, Others Can't Nix Credit Union Agency's $1B MBS Suit
The Royal Bank of Scotland Group PLC, Wells Fargo & Co. and others on Thursday lost their bid to ax litigation brought by the National Credit Union Administration over $1 billion in mortgage-backed securities losses, as a Kansas federal judge found the suit plausibly stated claims of offering misrepresentation.
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September 19, 2012
RBS, Wells Fargo Win Timeliness Appeal In $1B MBS Suits
A Kansas federal judge Wednesday allowed appeal of his decision to preserve mortgage-backed securities fraud lawsuits filed against Royal Bank of Scotland Group PLC and Wells Fargo & Co. after a statute of limitations expired, aiming to resolve whether time extensions apply to a government conservator's claims.
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July 26, 2012
RBS, Wells Fargo Can't Shake $1B Credit Union MBS Claims
A Kansas federal judge on Tuesday mostly upheld claims against units of Royal Bank of Scotland Group PLC and Wells Fargo & Co. related to about $1 billion in mortgage-backed securities losses that allegedly led to a credit union's collapse, finding the claims were timely.
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June 20, 2011
JPMorgan, RBS Units Sued Over $800M In Risky MBS
U.S. regulators sued JPMorgan Chase & Co. and Royal Bank of Scotland PLC units in Kansas on Monday, seeking to recover more than $800 million that the banks generated by selling risky mortgage-backed securities to now-failed credit unions.