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Sher v. RBC Capital Markets, LLC
Case Number:
1:11-cv-01998
Court:
Nature of Suit:
Judge:
Firms
Companies
Sectors & Industries:
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August 27, 2015
CORRECTED: Thornburg Trustee Scores $45M In MBS Suit
The Chapter 11 trustee for Thornburg Mortgage Inc. won summary judgment Thursday in a suit against RBC Capital Markets LLC when a Maryland federal judge ruled that RBC underpaid Thornburg by $26.3 million when it seized and sold Thornburg-owned mortgage-backed securities, and now owes that amount plus $18.9 million in interest.
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March 29, 2012
Thornburg's $35M MBS Underpayment Suit Will Proceed
A Maryland federal judge said March 23 that the Chapter 11 trustee for Thornburg Mortgage Inc. can proceed with a $35 million suit alleging RBC Capital Markets LLC underpaid when it seized and sold Thornburg-owned mortgage-backed securities.