FDIC's $140M RMBS Suit Time-Barred Under High Court Ruling

By Jacob Batchelor · March 25, 2015, 5:20 PM EDT

A New York federal judge on Tuesday dismissed a Federal Deposit Insurance Corp. suit seeking $140 million from RBS Securities Inc. and others over soured residential mortgage-backed securities sold to two...

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Case Information

Case Title

Federal Deposit Insurance Corporation et al v. Bear Stearns Asset Backed Securities I L.L.C. et al

Case Number

1:12-cv-04000

Court

New York Southern

Nature of Suit

Securities/Commodities

Date Filed

May 18, 2012