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United States of America v. Barclays Capital, Inc. et al
Case Number:
1:16-cv-07057
Court:
Nature of Suit:
Judge:
Firms
- Boies Schiller
- Cleary Gottlieb
- Crowell & Moring
- Faegre Drinker
- Jenner & Block
- Kramer Levin
- Law Office of Steven J. Fink PLLC
- Orrick Herrington
- Paul Weiss
- Sullivan & Cromwell
- Williams & Connolly
Companies
- Bank of America Corp.
- Barclays PLC
- Citigroup Inc.
- HSBC Holdings PLC
- Ocwen Financial Corp.
- Wells Fargo & Co.
Sectors & Industries:
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March 30, 2018
Barclays' High-Risk RMBS Fight Appears To Have Paid Off
A high-risk legal strategy in which Barclays rejected an early settlement over allegedly misleading statements it made to investors regarding $31 billion in residential mortgage-backed securities has paid off, legal experts say, with the bank ultimately agreeing to a $2 billion settlement — far less than an array of U.S. banks facing similar charges.
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January 12, 2018
Banks Told RMBS Subpoena Order Is 'Cost Of Doing Business'
A New York federal judge on Friday refused pleas from banks and mortgage companies to scale back his order allowing costly subpoenas for loan documents to go forward in a U.S. Department of Justice civil action against Barclays PLC over $31 billion worth of toxic residential mortgage-backed securities, saying it's the cost of doing business.
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November 03, 2017
Third Time's Not A Charm For Barclays, US In $31B RMBS Suit
A New York magistrate judge said Thursday he was denying "for the third and final time" a joint request to approve a proposed discovery order in the Justice Department's case seeking civil penalties from Barclays for allegedly deceiving investors about the quality of $31 billion worth of residential mortgage-backed securities.
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October 11, 2017
Barclays Seeks Toss Of Feds' Fraud Suit Over $31B RMBS
Barclays PLC and federal prosecutors traded blows in papers filed in New York federal court on Tuesday over the government's use of a law passed in the aftermath of the 1980s savings and loan crisis to seek civil penalties from the British bank for allegedly deceiving investors about the quality of $31 billion worth of residential mortgage-backed securities.
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April 07, 2017
Judge Casts Doubt On Barclays Defense In $31B RMBS Suit
A Brooklyn federal judge on Friday cast doubt on an expected push by Barclays PLC to dismiss the U.S. Department of Justice's case accusing the British bank and two former employees of deceiving investors about the quality of $31 billion worth of residential mortgage-backed securities, saying settlement talks might be a better option.
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December 22, 2016
US Sues Barclays Over Pre-Crisis Mortgage Securities
The Justice Department on Thursday sued Barclays PLC, alleging that the British bank and two of its former employees made false statements about the quality of mortgages packaged into around $31 billion worth of residential mortgage-backed securities prior to the financial crisis.