May 29, 2019
Royal Park has agreed to end its lawsuit accusing U.S. Bank of breaching its duties as trustee to nearly two dozen pre-crisis residential mortgage-backed securities trusts, according to papers filed in New York federal court on Tuesday.
December 03, 2018
A New York federal judge paused a proposed class action Friday accusing U.S. Bank of improperly funding its defense in a residential mortgage-backed trustee securities suit by dipping into the trusts it's alleged to have mismanaged, saying the trustee suit should finish first.
August 07, 2018
U.S. Bank NA urged a New York federal court on Monday to stand behind a magistrate judge's order that barred Royal Park Investments SA/NV from pursuing sampling discovery in its residential mortgage-backed securities suit against the bank, calling the decision "eminently reasonable."
July 24, 2018
Royal Park Investments told a New York federal court Monday that a magistrate judge was misguided when he granted U.S. Bank NA's request to bar the investment company from using loan sampling to prove liability or damages in residential mortgage-backed securities litigation.
July 11, 2018
Royal Park Investments SA/NV can't have class action status for its suit accusing U.S. Bank NA of fumbling its duties as trustee to nearly two dozen residential mortgage-backed securities trusts, a New York federal judge ruled Tuesday.
July 09, 2018
A New York federal magistrate judge on Monday granted U.S. Bank NA's request for an order precluding Royal Park Investments SA/NV from using loan sampling to prove liability or damages in its proposed class action accusing the bank of bungling its duties as trustee for an array of residential mortgage-backed securitization trusts.
May 14, 2018
Royal Park Investments has told a New York federal judge that two recent decisions denying its class certification bids in residential mortgage-backed securities litigation against Wells Fargo and Deutsche Bank National Trust Co. shouldn't doom its effort to secure class action status for a similar suit it's brought against U.S. Bank NA.
November 06, 2017
U.S. Bank has objected to a New York magistrate judge's decision denying the bank's bid for discovery sanctions that would torpedo Royal Park Investments SA/NV's class action claims in a suit over the bank's alleged mishandling of 21 mortgage-backed securities trusts that it oversaw as trustee, arguing that there are errors in the judge's order that need to be addressed.
October 19, 2017
A New York federal judge on Thursday denied U.S. Bank's bid to preclude Royal Park Investments from damages and from representing a putative class suing over allegedly toxic residential mortgage-backed securities, saying Royal Park's discovery delays didn't merit such measures, because its tactics hadn't prejudiced U.S. Bank.
July 13, 2017
U.S. Bank and Deutsche Bank told a New York federal court Wednesday that the Second Circuit's recent decision in Petrobras investor litigation does not support Royal Park's attempt at certifying proposed class actions over allegedly toxic mortgage-backed securities.