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Federal Deposit Insurance Corporation v. Ally Securities LLC et al
Case Number:
1:12-cv-00872
Court:
Nature of Suit:
Judge:
Firms
- Baker & Hostetler
- Davis Gerald & Cremer
- Grais & Ellsworth
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December 06, 2012
FDIC Gets $900M Guaranty MBS Suit Sent Back To State Court
A Texas federal judge on Thursday said state, not federal, claims predominate in the Federal Deposit Insurance Corp.'s $900 million suit alleging top banks tricked Guaranty Bank into buying toxic mortgage-backed securities, granting the agency's request to send the case back to state court.
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November 06, 2012
Goldman Sachs, Others Want $900M Guaranty MBS Suit Nixed
Goldman Sachs & Co. and other banks urged a Texas federal judge Monday to throw out the Federal Deposit Insurance Corp.'s $900 million suit over mortgage-backed securities sold to now-collapsed Guaranty Bank, saying the action is time-barred.
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October 22, 2012
FDIC Wants $900M Suit Over Guaranty MBS In State Court
The Federal Deposit Insurance Corp. urged a Texas federal judge on Friday to send back to state court its $900 million suit alleging several top banks tricked Guaranty Bank into buying toxic mortgage-backed securities, saying the case wasn't related to an ongoing bankruptcy proceeding.