MBIA on Winning Streak Heading into Trial on Restructuring Challenge
Monoline insurer MBIA, the most influential plaintiff in mortgage crisis litigation, has been on a roll lately in its lawsuits against Bank of America and other institutions over issues stemming from...
View ArticleThe Top 5 RMBS Cases to Watch this Summer: No. 1 – MBIA v. Countrywide, BofA
After a week-long build-up (I’m sure the suspense is killing you), we’ve reached the No. 1 case in our countdown of RMBS Cases to Watch this Summer. You may wish to catch up with parts I, II, III, and...
View ArticleMonoline End Games: String of Legal Wins Will Snowball Until Settlement
Last week, I wrote about a few developments that should boost RMBS litigation recoveries, especially for bond insurers – Judge Crotty’s summary judgment decision in Syncora v. EMC (JPMorgan) and...
View ArticleInvestor End Games: All Is Not Well in the Garden
“As long as the roots are not severed, all is well. And all will be well in the garden.” - Chance the Gardener, Being There (1979) With Judge Barbara Kapnick announcing earlier this month that the...
View ArticleMortgage Lit Roundup: Five Signs That Plaintiffs Are Winning the RMBS War
A lot can happen in a few months. I’ve largely taken a break from blogging over the last quarter, as the demands of becoming a new father and joining a new law firm (see “Legal Practice” link in the...
View ArticleThe Bell Tolls for BofA
Memorial Day Weekend is always cause for some reflection, but as we draw closer to the May 30, 2013 merits hearing on Bank of America’s (BofA) proposed $8.5 billion settlement of Countrywide mortgage...
View ArticleObjectors’ Siren Song Enchants During Article 77 Proceeding
We are 20 days into the monumental bench trial over Bank of America’s proposed $8.5 billion settlement of Countrywide MBS claims, and with the proceedings now taking a break until September 9, we have...
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