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16 Nov 2016, 7:56 am by Ed. Microjuris.com Puerto Rico
The decision also gave limited relief to US Bank & Trust, which is the trustee for University of Puerto Rico (UPR) debt. [read post]
26 Sep 2016, 11:34 am by Thomas Kidera
Bankruptcy Court for the Southern District of New York approved the $37 million settlement of $1.3 billion in claims asserted against the estates of two defunct Lehman Brothers’ entities by Syncora Guarantee Inc. in its capacity as the insurer for certain certificates issued from the GMFT 2006-1 RMBS trust. [read post]
9 Sep 2016, 10:52 am by Mark Astarita
Tutor, and Sandeep Satwalekar of the New York office with assistance from Joseph Chimienti and Mark R. [read post]
22 Aug 2016, 7:26 am by Juan C. Antúnez
In reaching its conclusion the court pointed to a slew of procedural wrangling the parties had engaged in for the last ten months involving multiple lawsuits filed in New York and Florida. [read post]
15 Aug 2016, 12:16 pm by Thomas Kidera
  On August 11, 2016, the First Department of the Appellate Division of the Supreme Court of the State of New York affirmed dismissal of an action brought by Deutsche Bank National Trust Company, as RMBS Trustee, against Quicken Loans, Inc. [read post]
15 Aug 2016, 12:07 pm by Thomas Kidera
  On August 11, 2016, the First Department of the Appellate Division of the Supreme Court of the State of New York reversed the lower court, allowing RMBS Trustee U.S. [read post]
15 Aug 2016, 12:03 pm by Thomas Kidera
The trial court had previously dismissed the lawsuit in 2015 (covered here) as time-barred under New York’s six-year statute of limitations. [read post]
14 Aug 2016, 9:01 pm by Ronald D. Rotunda
Roby, the independent bankruptcy trustee, and other counsel for the independent trustee. [read post]
2 Aug 2016, 8:00 am by Thomas Kidera
On July 25, 2016, Justice Marcy Friedman of the New York Supreme Court dismissed a $619 million suit brought by U.S. [read post]
24 Jul 2016, 6:57 am by Stephen Bilkis
A New York Probate Lawyer said that this is a proceeding brought before the Surrogate’s Court, Kings County for judicial settlement of the first and final account of proceedings of the CM Bank, National Association, as trustee under Article “Second” of the will OF AGK, deceased, for the benefit of BMK. [read post]
11 Jul 2016, 2:02 pm by Thomas Kidera
On July 5, 2016, the First Department of the Appellate Division of the Supreme Court of the State of New York affirmed the partial grant of Bank of New York Mellon’s (“BNY”) motion to dismiss certain claims brought by RMBS investors arising from BNY’s alleged failure to perform its duties as RMBS trustee. [read post]
6 Jul 2016, 4:44 am by Kelly Phillips Erb
It’s an even “greater obstacle for creditors,” answers New York trust and estate lawyer Gideon Rothschild. [read post]
27 Jun 2016, 1:56 pm by Nicholas Poli
On June 23, 2016, the First Department of the Appellate Division of the Supreme Court of the State of New York decided an appeal in an action brought by Bank of New York Mellon, as RMBS Trustee, against WMC Mortgage and JP Morgan. [read post]
27 Jun 2016, 1:36 pm by Nicholas Poli
Friedman of the Supreme Court of the State of New York largely denied Morgan Stanley’s motion to dismiss a breach of contract action brought by RMBS trustee Wilmington Trust Company. [read post]
27 Jun 2016, 6:57 am by Stephen Bilkis
A New York Probate Lawyer said that this is a proceeding brought before the Surrogate’s Court, Kings County for judicial settlement of the first and final account of proceedings of the CM Bank, National Association, as trustee under Article “Second” of the will OF AGK, deceased, for the benefit of BMK. [read post]
23 Jun 2016, 7:58 am by Ed. Microjuris.com Puerto Rico
Member, World Bank Insolvency Task Force (2010 to present). [read post]
6 Jun 2016, 12:59 pm by Thompson & Knight LLP
Debtors’ liabilities total approximately $413 million which include: (i) $125 million pursuant to a 2014 Indenture with The Bank of New York Mellon Trust Company, N.A. as Trustee and Collateral Agent; (ii) and $283.5 million pursuant to a Second Lien Indenture also with The Bank of New York Mellon Trust Company, N.A. as Trustee;  and (iii) $5.8 million to several trade vendors. [read post]