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Federal Deposit Insurance Com v. Barclays Capital Inc., et al
Case Number:
13-56783
Court:
Nature of Suit:
2850 Securities, Commodities, Exchange
Companies
- Bank of America Corp.
- Barclays PLC
- Citigroup Inc.
- Credit Suisse Group AG
- Deutsche Bank AG
- SIFMA
- The Royal Bank of Scotland Group PLC
Government Agencies
Sectors & Industries:
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December 08, 2015
FDIC Tells 9th Circ. American Pipe Saves $1B RMBS Suits
The Federal Deposit Insurance Corp. on Tuesday urged the Ninth Circuit to revive allegations that Deutsche Bank and other underwriters misrepresented the quality of more than $1 billion in mortgage-backed securities sold to four defunct banks, arguing the claims are timely under the U.S. Supreme Court's American Pipe standard.
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October 22, 2014
FDIC, Citi Settle 9th Circ. Appeal Over Colonial Bank Failure
Citigroup Global Markets Inc. has reached a settlement agreement with the FDIC in a Ninth Circuit appeal alleging a number of banks spurred on Colonial Bank's failure by selling it poor-quality mortgage-backed securities, and the bank insurer said Wednesday it expects Bank of America Corp. to exit the suit shortly as well.