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25 Mar 2023, 7:28 pm
The FDIC was claiming similar things as in IndyMac. [read post]
23 Mar 2023, 11:23 am
Delaware and (Central District) of California have both done large bank holding company bankruptcies: WaMu and IndyMac. [read post]
14 Mar 2023, 6:01 pm
Following a process used in the IndyMac failure in 2008, the FDIC announced a plan to make payments of an advance dividend of uninsured deposits within the week, but the exact timing for availability and amount of funds distributed with the advance were unknown. [read post]
25 Oct 2021, 5:06 am
Under those circumstances, the 107-07 action was not a pending action which could be consolidated with the instant action pursuant to CPLR 602(a) (see IndyMac Bank, F.S.B. v Vincoli, 105 AD3d 704, 707). [read post]
21 Aug 2018, 7:45 am
IndyMac MBS [Civ. [read post]
2 Aug 2017, 11:47 am
IndyMac was the first large federally-regulated bank to fail and be bailed out by the FDIC in 2008. [read post]
19 May 2017, 12:23 pm
FFSFC, a subsidiary of Indymac Bank, was placed into FDIC receivership in July 2009. [read post]
19 May 2017, 12:23 pm
(Southwest Funding), OneWest Bank, FSB (OneWest), IndyMac Mortgage Services (IndyMac), and Deutsche Bank National Trust Co. [read post]
21 Feb 2017, 1:58 pm
In July, the Federal Deposit Insurance Corporation (the “FDIC”) seized IndyMac. [read post]
6 Feb 2017, 9:30 pm
John Bovenzi—former deputy to the Chairman of the FDIC—and Jim Wigand—a former Deputy Director at the FDIC who directed the sale of IndyMac—argued that Mnuchin and his team of billionaires bought IndyMac “fair and square,” and actually helped lower the FDIC’s losses from insuring the bank. [read post]
12 Jan 2017, 7:01 am
John Elwood reviews Monday’s relists Happy New Year, everyone! [read post]
11 Jan 2017, 7:19 am
IndyMac MBS, Inc.); and (2) whether a member of a timely-filed putative class action may file an individual suit on the same causes of action before class certification is decided, notwithstanding the expiration of the relevant time limitations. [read post]
29 Nov 2016, 7:05 pm
In 2009, a newly created bank called OneWest Bank, funded in part by Mnuchin’s hedge fund company, bought the failed bank IndyMac (a spinoff from troubled Countrywide Home Loans) from the government. [read post]
26 Oct 2016, 4:34 pm
The IndyMac bank failure was one of the largest bank failures during the bank failure wave and the fifth largest bank failure in U.S. history. [read post]
6 Oct 2016, 4:22 pm
In addition, based on the Second Circuit’s holding in the Indy Mac case, which held that the filing of a class action complaint does not toll the relevant statutes of repose in the securities laws, may bar the opt-outs’ attempt to proceed separately (the authors identify at least two examples in which plaintiffs’ separate opt out actions during the period 201-2014 were barred by the principles reflected in the IndyMac decision). [read post]
27 Sep 2016, 9:16 am
IndyMac is wrongly decided, however, according to the petitioners. [read post]
28 Jul 2016, 4:53 pm
See IndyMac, 721 F.3d at 104-110. [read post]
1 Jun 2016, 5:12 pm
(Our Client Memorandum discussing IndyMac can be found here.) [read post]
17 Mar 2016, 4:51 pm
Dennis Klein The financial crisis generated a great deal of litigation, much involving the directors and officers of companies affected by the crisis. [read post]
17 Feb 2016, 7:17 am
EISELE; LAURIE EISELE; INDYMAC BANK, FSB/DOCUMENT MANAGEMENT; INDYMAC BANK, FSB; CHARLES J. [read post]
