A New York federal judge has granted final approval to a $69 million settlement by Bank of America NA and U.S. Bank in a mortgage-backed securities class action. This came one week after rul... Read more
Shareholders of Citibank NA have filed suit against the bank in a new derivative class action of misrepresenting the health of mortgage-backed securities (MBS) in some $17.4 billion worth of... Read more
UBS AG, Switzerland’s largest bank, has agreed to pay $885 million to Fannie Mae and Freddie Mac to settle claims that it improperly sold them mortgage-backed securities during the housing b... Read more
Lawyers in our firm are currently investigating how state pension funds have been affected by fraud committed by several banks on federal home insurance programs. Recent False Claims Act (FC... Read more
As a result of a ruling by a New York state court judge, it will be much easier for the bond insurer MBIA Inc. to pursue its $1.4 billion lawsuit accusing Bank of America Corp.’s Countrywide... Read more
Since the last issue of the Report, more lawsuits have been filed against JPMorgan Chase & Co. and Bank of America Corp. by investors claiming losses on $4.5 billion of bad mortgage deb... Read more
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