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National Credit Union Administration Board v. Wachovia Capital Markets, LLC
Case Number:
1:13-cv-06719
Court:
Nature of Suit:
Judge:
Firms
- Elias LLC
- Friedman Kaplan
- Kellogg Hansen
- Korein Tillery
- Munger Tolles
- Simpson Thacher
- Wollmuth Maher
Government Agencies
-
October 19, 2015
Barclays, Wachovia Exit Credit Union MBS Row For $378M
Barclays PLC and Wachovia Capital Markets LLC agreed Monday to pay a combined $378 million to resolve the U.S. credit union administrator's claims that the banks made false statements when selling mortgage-backed securities that caused the failure of four credit unions.
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April 21, 2015
RBS Must Fork Over Loan Info In NCUA MBS Suit
Four federal judges jointly rebuked RBS Securities Inc. on Monday for bogging down a National Credit Union Administration MDL over mortgage-backed securities sales that allegedly helped lead to two credit unions' failure, saying the company has stalled out on providing key information.
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May 06, 2014
Wachovia Must Face All Claims In NCUA's RMBS Suit
A New York federal judge on Tuesday declined to trim a suit by the National Credit Union Administration against Wachovia Capital Markets LLC, saying it had sufficiently backed claims that the bank issued deceptive offering documents for residential mortgage-backed securities.