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Policemen's Annuity and Benefit Fund Of The City Of Chicago v. Bank of America, NA et al
Case Number:
1:12-cv-02865
Court:
Nature of Suit:
Multi Party Litigation:
Class Action
Judge:
Firms
- Cohen Milstein
- Kennedy Berg
- Kessler Topaz
- Leichtman Law
- Morgan Lewis
- Munger Tolles
- Robins Kaplan
- Scott&Scott
- Sidley Austin
- Sullivan & Cromwell
- Whatley Kallas
- Wollmuth Maher
- Zeichner Ellman
Companies
- Bank of America Corp.
- Pacific Investment Management Co. LLC
- Teachers Insurance & Annuity Association of America
- Transamerica Corp.
- U.S. Bancorp
- Washington State Investment Board
Government Agencies
Sectors & Industries:
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March 12, 2015
$69M BofA, US Bank MBS Settlement Wins Court's Blessing
A New York federal judge on Thursday granted final approval to a $69 million settlement by Bank of America NA and U.S. Bank in a mortgage-backed securities class action, one week after ruling that plaintiffs in a similar case couldn't intervene to oppose the deal.
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March 06, 2015
BlackRock Can't Stop Deal In BofA, US Bank RMBS Suit
A New York federal judge on Thursday denied a bid by a group of institutional investors to wade into a class action residential mortgage-backed securities lawsuit against Bank of America NA and U.S. Bank National Association, saying a $69 million settlement of the suit won't wipe out the intervenors' claims.
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November 07, 2014
BofA, US Bancorp Pay $69M To Settle MBS Investor Action
Bank of America Corp. and U.S. Bancorp have agreed to pay $69 million to settle a class suit over their role as trustee for mortgage-backed securities containing shoddy loans issued by Washington Mutual Inc., which collapsed at the height of the 2008 financial crisis, according to a Friday court filing.
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October 31, 2014
BofA, US Bank To Settle Suit Over $3.3B WaMu Losses
Bank of America counsel told a New York federal judge Friday that they've reached a meeting of the minds with pension funds suing BofA and US Bank, which are the trustees of 19 Washington Mutual mortgage-backed securities portfolios that have allegedly experienced over $3.3 billion in recognized losses.
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August 19, 2014
Judge Clears Way For Settlement In BofA, US Bank RMBS Suit
A New York federal judge on Monday made way for a settlement by Bank of America NA and U.S. Bank NA of an investor suit over residential mortgage-backed securities, finding the pending deal makes moot a bid to certify a class of investors who alleged the banks failed in their role as the trustees of pools of the securities.
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May 06, 2014
CORRECTED: US Bank Gets MBS Claims Pared In Suit Over WaMu Loans
A New York federal judge partially dismissed some claims that U.S. Bank NA ignored defects in Washington Mutual NA loans after buying a loan-trust business from Bank of America NA, ruling Monday that U.S. Bank isn't contractually responsible for the sins of previous trustees. Correction: An earlier story misidentified which claims were being dismissed. The error has been corrected.
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May 16, 2013
Judge Won't Certify BofA Appeal In RMBS Action
A New York federal judge on Thursday denied a bid by Bank of America NA and U.S. Bank NA for interlocutory appeal of her ruling that they can be sued in a class action for allegedly failing to protect investors in their role as trustees of mortgage-backed securities.
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May 06, 2013
BofA, US Bank Lose Bid To Toss RMBS Class Action
A New York federal judge on Monday rejected a motion from Bank of America NA and U.S. Bank NA to dismiss a putative class action with breach of contract claims alleging they failed to protect investors in their role as trustees of residential mortgage-backed securities.
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April 22, 2013
BofA, US Bank Urge Judge To Throw Out MBS Class Action
Bank of America NA and U.S. Bank NA on Monday asked a federal judge to toss a putative class action alleging that, as trustees to certain residential mortgage-backed securities, they failed to protect investors, arguing their duty was limited.
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December 07, 2012
BofA, US Bancorp Can't Shake Fund's Suit Over WaMu MBS
A New York federal judge on Friday allowed a Chicago pension fund to continue its purported class action alleging Bank of America Corp. and U.S. Bancorp failed to protect investors in their role as trustee for mortgage-backed securities issued by Washington Mutual Inc.