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Genesee County Employees' Retirement System v. Thornburg Mortgage, Inc. et al
Case Number:
1:09-cv-00300
Court:
Nature of Suit:
Multi Party Litigation:
Class Action
Judge:
Firms
- April Dolan & Hickey
- Brownstein Hyatt
- Cahill Gordon
- Egolf Ferlic
- Gibson Dunn
- Greenberg Traurig
- Hinkle Shanor
- Holland & Hart
- Kramer Levin
- Maldegen Templeman
- Morgan Lewis
- O'Melveny & Myers
- Paul Weiss
- Robbins Geller
- Stelzner Winter
- WilmerHale
Companies
- Credit Suisse Group AG
- Fitch Ratings Ltd.
- Moody's Corp.
- S&P Global Inc.
- The Royal Bank of Scotland Group PLC
- TMST Inc.
Government Agencies
Sectors & Industries:
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December 10, 2012
Banks Pay $11.5M To Settle Risky Mortgage Bond Class Action
A group of financial institutions — including Credit Suisse Securities (USA) LLC, RBS Securities Inc. and Greenwich Capital Acceptance Inc. — agreed to pay $11.25 million in New Mexico federal court on Friday to settle a securities class action alleging they misled investors about $5 billion in risky mortgage bonds issued by now-defunct Thornburg Mortgages Inc.
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November 29, 2011
Credit Ratings Agencies Suffer Blow To MBS Defense
Long-shielded from claims over mortgage-backed security failures, credit ratings agencies may have lost one of their best defenses earlier this month, when a federal judge ruled that not all credit ratings are protected under the First Amendment, experts say.