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Federal Deposit Insurance Corporation v. Merrill Lynch Pierce Fenner & Smith, Inc. et al

  1. March 01, 2018

    FDIC, Banks Seek Wins In Second Go-Round Of MBS Suits

    The Federal Deposit Insurance Corp. asked a Texas federal judge on Wednesday to toss the defenses of three major banks accused of selling six shoddy residential mortgage-backed securities to now-defunct Guaranty Bank ahead of its 2009 failure, saying a damages award is appropriate and its claims are not time-barred.

  2. August 19, 2014

    Goldman, Deutsche Escape $2.1B Guaranty Bank MBS Suit

    Goldman Sachs & Co.,  Deutsche Bank Securities Inc. and several other banks on Monday dodged the remnants of a lawsuit brought in Texas federal court by the Federal Deposit Insurance Corp. on behalf of defunct Guaranty Bank, which alleged it paid $2.1 billion to acquire 20 shoddy mortgage-backed securities from the banks