December 06, 2012
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.
November 06, 2012
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.
October 22, 2012
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.