Federal Deposit Insurance Corporation et al v. Bear Stearns Asset Backed Securities I L.L.C. et al

  1. October 18, 2019

    Investment Banks Can't Escape FDIC Suit Over RMBS

    A New York federal judge ruled Friday that investment banking units of Credit Suisse, Deutsche Bank and three other major European banks must face Federal Deposit Insurance Corp. claims over about $90 million in allegedly toxic crisis-era residential mortgage-backed securities bought by two now-failed community banks.

  2. September 18, 2017

    Investment Banks Keep Fighting FDIC After 2nd Circ. Defeat

    Investment banks that sold or underwrote toxic mortgage-backed securities have again asked a New York federal court to reject the Federal Deposit Insurance Corp.'s suit to win damages on behalf of two failed banks, saying the case for dismissal remains strong even after the Second Circuit brought the lawsuit back earlier this year.

  3. April 07, 2015

    FDIC Appeals Ruling That $140M RMBS Suit Is Time-Barred

    The Federal Deposit Insurance Corporation, acting as a receiver for two failed banks, filed a notice Tuesday that it plans to appeal the dismissal of its lawsuit seeking $140 million from RBS Securities Inc. and others over soured residential mortgage-backed securities.

  4. March 25, 2015

    FDIC's $140M RMBS Suit Time-Barred Under High Court Ruling

    A New York federal judge on Tuesday dismissed a Federal Deposit Insurance Corp. suit seeking $140 million from RBS Securities Inc. and others over soured residential mortgage-backed securities sold to two banks, ruling a recent U.S. Supreme Court decision rendered the suit time-barred.