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CMFG Life Insurance Company v. UBS Securities, LLC
Case Number:
3:13-cv-00576
Court:
Nature of Suit:
Judge:
Firms
Sectors & Industries:
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July 02, 2014
UBS, BofA Unit Freed From Insurers' RMBS Suits
A Wisconsin federal judge on Wednesday freed UBS Securities LLC and Banc of America Securities LLC from suits brought by CUNA Mutual Group affiliates seeking to undo their purchases in stakes worth millions in mortgage-backed securities offerings they claim they were tricked into buying, ruling that the insurers' claims are time-barred.
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August 16, 2013
CUNA Mutual Sues To Recoup $280M In RMBS Purchases
Affiliates of mutual insurance company CUNA Mutual Group sued six investment banks Thursday in a bid to undo their purchases of stakes worth $280 million in mortgage-backed securities offerings the insurers say they were tricked into buying.