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Federal Deposit Insurance Corporation As Receiver For Colonial Bank v. Chase Mortgage Finance Corp. et al
Case Number:
1:12-cv-06166
Court:
Nature of Suit:
Judge:
Firms
- Boies Schiller
- Cadwalader Wickersham
- Cleary Gottlieb
- Covington & Burling
- Cravath Swaine
- Davidson & Grannum
- Duane Morris
- Faegre Drinker
- Friedman Kaplan
- Grais & Ellsworth
- King & Spalding
- Mayer Brown
- Munger Tolles
- Orrick Herrington
- Paul Weiss
- Quinn Emanuel
- Sidley Austin
- Simpson Thacher & Bartlett LLP
- Spotswood Sansom
- Steptoe LLP
- Sullivan & Cromwell
- Willenken LLP
Companies
- Bank of America Corp.
- Citigroup Inc.
- Credit Suisse Group AG
- Deutsche Bank AG
- FTN Financial Group
- HSBC Holdings PLC
- JPMorgan Chase & Co.
- The Royal Bank of Scotland Group PLC
- UBS Group AG
- Wells Fargo & Co.
Government Agencies
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July 18, 2022
Credit Suisse Pays FDIC $19.35M In Colonial Bank RMBS Deal
A Credit Suisse unit has paid more than $19 million to the Federal Deposit Insurance Corp. as part of a settlement of legal claims brought over allegedly toxic residential mortgage-backed securities sold to the now-defunct Colonial Bank in the lead-up to its 2009 failure.
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April 18, 2022
Banks Challenge FDIC's $624M Sale Calculation In RMBS Suit
The Federal Deposit Insurance Corp. is unfairly using a post-sale refund deal to score more damages in a long-running suit over the sale of mortgage backed securities, according to two bank subsidiaries it has sued.
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March 12, 2020
RBS Sees Some Claims Cut From Colonial RMBS Sale Suit
A New York federal judge has dismissed some of the claims against RBS Securities in a long-running Federal Deposit Insurance Corp. suit over the sale of mortgage-backed securities to now-defunct Colonial Bank, saying RBS didn't underwrite the securities at issue.
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October 04, 2018
Bank Units Urge Judge To Deny FDIC A Redo In Colonial Suit
Wells Fargo and First Horizon units told a New York federal judge on Wednesday that the Federal Deposit Insurance Corp. is leaning on a suspect state regulator policy statement as part of a misguided effort to salvage dismissed claims against them in a suit over the sale of residential mortgage-backed securities to now-defunct Colonial Bank.
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March 05, 2018
Banks Beat Some New Claims In Colonial RMBS Fight
A New York federal judge on Friday dismissed some newly added claims in a Federal Deposit Insurance Corp. lawsuit against several prominent investment banks over the sale of residential mortgage-backed securities to now-defunct Colonial Bank, saying most of the claims are time-barred.
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November 07, 2017
FDIC Fights Banks' Bid To Slip Colonial RMBS Claims
The Federal Deposit Insurance Corp. asked a Manhattan federal court Monday to keep the agency's updated legal claims against several investment banks fully intact for their roles in selling risky residential mortgage-backed securities to Alabama's since-failed Colonial Bank.
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September 02, 2014
High Court Decision Time-Bars $388M MBS Suit, Judge Rules
Citigroup Inc. and other banks won an effective end Friday to the Federal Deposit Insurance Corp.'s claims that their sale of $388 million in bad MBS helped ruin Colonial Bank, when a New York federal judge ruled that a recent Supreme Court decision meant the case was filed too late.
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July 07, 2014
Citi Says High Court Ruling Dooms $388M MBS Suit
Citigroup Inc. and others asked a New York federal judge Thursday to dismiss allegations they helped push Colonial Bank over a cliff by selling it $388 million in poor-quality mortgage-backed securities, saying the suit is doomed by a new U.S. Supreme Court ruling setting stricter limits on statutes of limitations.
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September 27, 2013
JPMorgan, Citi Can't Ditch FDIC Suit Over Colonial MBS Sales
JPMorgan Chase & Co., Citigroup Inc. and other major lenders lost a bid Friday to dismiss the Federal Deposit Insurance Corp.'s suit accusing them of duping now-defunct Colonial Bank into buying $388 million worth of doomed mortgage-backed securities.