Royal Park Investments SA/NV v. U.S. Bank National Association
Case Number:
1:14-cv-02590
Court:
Nature of Suit:
Multi Party Litigation:
Class Action
Judge:
Firms
Companies
Sectors & Industries:
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May 29, 2019
Royal Park, US Bank Wind Down RMBS Trustee Suit
Royal Park has agreed to end its lawsuit accusing U.S. Bank of breaching its duties as trustee to nearly two dozen pre-crisis residential mortgage-backed securities trusts, according to papers filed in New York federal court on Tuesday.
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December 03, 2018
US Bank Gets Fees Claims Stayed In Royal Park RMBS Suit
A New York federal judge paused a proposed class action Friday accusing U.S. Bank of improperly funding its defense in a residential mortgage-backed trustee securities suit by dipping into the trusts it's alleged to have mismanaged, saying the trustee suit should finish first.
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August 07, 2018
US Bank Backs Sampling Ban In Royal Park RMBS Suit
U.S. Bank NA urged a New York federal court on Monday to stand behind a magistrate judge's order that barred Royal Park Investments SA/NV from pursuing sampling discovery in its residential mortgage-backed securities suit against the bank, calling the decision "eminently reasonable."
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July 24, 2018
Royal Park Wants Sampling Ban Tossed In US Bank RMBS Row
Royal Park Investments told a New York federal court Monday that a magistrate judge was misguided when he granted U.S. Bank NA's request to bar the investment company from using loan sampling to prove liability or damages in residential mortgage-backed securities litigation.
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July 11, 2018
Royal Park Denied Class Certification In US Bank RMBS Suit
Royal Park Investments SA/NV can't have class action status for its suit accusing U.S. Bank NA of fumbling its duties as trustee to nearly two dozen residential mortgage-backed securities trusts, a New York federal judge ruled Tuesday.
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July 09, 2018
Royal Park Can't Use Loan Sampling In US Bank RMBS Suit
A New York federal magistrate judge on Monday granted U.S. Bank NA's request for an order precluding Royal Park Investments SA/NV from using loan sampling to prove liability or damages in its proposed class action accusing the bank of bungling its duties as trustee for an array of residential mortgage-backed securitization trusts.
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May 14, 2018
Royal Park Defends Class Cert. Bid In US Bank RMBS Suit
Royal Park Investments has told a New York federal judge that two recent decisions denying its class certification bids in residential mortgage-backed securities litigation against Wells Fargo and Deutsche Bank National Trust Co. shouldn't doom its effort to secure class action status for a similar suit it's brought against U.S. Bank NA.
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November 06, 2017
US Bank Fights Denial In Discovery Row With Royal Park
U.S. Bank has objected to a New York magistrate judge's decision denying the bank's bid for discovery sanctions that would torpedo Royal Park Investments SA/NV's class action claims in a suit over the bank's alleged mishandling of 21 mortgage-backed securities trusts that it oversaw as trustee, arguing that there are errors in the judge's order that need to be addressed.
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October 19, 2017
US Bank Loses Discovery Sanctions Bid Against Royal Park
A New York federal judge on Thursday denied U.S. Bank's bid to preclude Royal Park Investments from damages and from representing a putative class suing over allegedly toxic residential mortgage-backed securities, saying Royal Park's discovery delays didn't merit such measures, because its tactics hadn't prejudiced U.S. Bank.
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July 13, 2017
2nd Circ. Petrobras Ruling No Help To MBS Class, Banks Say
U.S. Bank and Deutsche Bank told a New York federal court Wednesday that the Second Circuit's recent decision in Petrobras investor litigation does not support Royal Park's attempt at certifying proposed class actions over allegedly toxic mortgage-backed securities.