Six Challenges to Countrywide RMBS Settlement Already; Rundown Shows Pact...
The BofA settlement blowback has already begun. If you’ve been following my recent posts (here and here) about the proposed Bank of America (“BofA”) settlement involving the Bank of New York (“BoNY”)...
View ArticleRMBS Legal Roundup: The Top Five Developments You Might Have Missed While...
With interesting developments occurring almost daily in the proposed Bofa/Countrywide settlement with Bank of New York, it has been hard to focus on anything else. Indeed, since the last time I posted...
View ArticleThe Government Giveth and It Taketh Away: The Significance of the Game...
It is no stretch to say that Friday, September 2 was the most significant day for mortgage crisis litigation since the onset of the crisis in 2007. That Friday, the Federal Housing Finance Agency...
View ArticleRelease of “Way Too Big to Fail” Simply Opening Salvo in Efforts to Reform...
It’s tempting when you have an enormous task before you to focus all of your attention on completing that task while blocking out any thoughts of what comes next. For me, that enormous task has been...
View ArticleBlackRock 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...
View ArticleMotion to Exclude Frey Testimony from Article 77 Raises Eyebrows, Questions...
The backyard brawl between the AIG-led objecting investors on one hand and Bank of New York Mellon (BNYM) and the investors supporting BofA’s $8.5 billion settlement on the other is about to get even...
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