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BREAKING NEWS: Judge Determines BofA $8.5 bn Settlement Belongs in Federal Court

Though Bank of America (BofA) has taken its share of lumps over the past six months, this may be the one that leaves the biggest mark.  In an opinion issued today in the Southern District of New York...

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Federal Home Loan Bank Litigation Update: MBS Cases Moving Slowly, But...

By Isaac Gradman and India Autry The Federal Home Loan Bank (FHLB) litigation against MBS underwriters, some of the first to arise out of the sale of toxic mortgage backed securities post-crisis, is...

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BlackRock Attorney to Face Stiffer Challenges to Next Set of MBS Settlements

(Updated version, including new 6th paragraph on subsequent announcement of larger probe into Morgan Stanley bonds) Having received copious kudos for engineering an $8.5 billion investor settlement...

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BREAKING: BoNY-BofA Settlement to Return to State Court After Second Circuit...

Some rare good news for Bank of America: the Second Circuit just reversed the ruling of District Court Judge William Pauley in the highly-publicized $8.5 billion settlement between BofA, Bank of New...

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Pauley Stirs the Pot: Federal Judge Still Making an Impact as BofA Settlement...

On April 24, Judge Barbara Kapnick will hold a hearing in New York Supreme Court on whether Bank of American’s $8.5 billion settlement proposal should be evaluated under the restrictive Article 77...

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