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31 Aug 2015, 1:16 pm
(“RBS”) dismissing all but one of CUNA Mutual Group’s (“CUNA”) claims alleging that RBS had made material misrepresentations regarding RMBS it had sold. [read post]
31 Aug 2015, 1:15 pm
On August 21, 2015, Judge Alvin Thompson of the United States District Court for the District of Connecticut denied Royal Bank of Scotland Group PLC’s (“RBS”) motion for summary judgment as to claims brought by the Federal Housing Finance Agency (“FHFA”) alleging that RBS made misleading statements in connection with $32.1 billion in RMBS that it had sold between 2005 and 2008. [read post]
23 Aug 2015, 6:01 am
I am not exactly sure what will happen, the situation is vague as many things are here, but we would like to get our machine back (wholesale cost of about 20k RMB). [read post]
21 Aug 2015, 2:05 pm
., acting as receiver for Guaranty Bank, filed suit against Bank of New York Mellon Corp. in New York federal court, alleging that BNY breached its duties as trustee of 12 RMBS trusts that issued approximately $2 billion in certificates. [read post]
21 Aug 2015, 2:02 pm
The proposed settlement would conclude lawsuits in which NECA and PFRS alleged that Goldman Sachs had made numerous misstatements about the loans underlying $6 billion in RMBS offerings. [read post]
18 Aug 2015, 7:25 pm
Chinese press reports have linked the allegations to a case involving a 420 million RMB dispute over shareholding in a Shanxi coal mine, but the allegations have not been confirmed by the CCDI. [read post]
17 Aug 2015, 12:51 pm
On August 5, 2015, RMBS investors filed a putative class action against U.S. [read post]
17 Aug 2015, 12:31 pm
The FDIC brought claims under the federal Securities Act and the Texas Securities Act, alleging that the defendants made false and misleading statements in selling and underwriting $2.1 billion in RMBS to Guaranty Bank. [read post]
14 Aug 2015, 7:42 am
Once approved, we must pay an 800 RMB fee to China customs for each registration. [read post]
13 Aug 2015, 7:28 am
The case is No. 15-CV-00357-RMB. [read post]
10 Aug 2015, 9:32 am
On July 30, 2015, District Judge Denise Cote of the Southern District of New York denied GE Mortgage Holding LLC’s (“GEMH”) motion for summary judgment in a repurchase action brought by the RMBS Trustee for the GE-WMC 2006-1 Trust. [read post]
27 Jul 2015, 12:46 pm
’s motion to dismiss fraud claims brought by HSH Nordbank AG (“HSH”) and Carrera Capital Finance Limited (together, “Plaintiffs”) in connection with 21 RMBS securitizations, and granted in full a separate motion to dismiss filed by Natixis Real Estate Capital LLC (“Natixis”) against the same Plaintiffs. [read post]
27 Jul 2015, 12:45 pm
NCUA alleges that HSBC failed to perform its duties as the indentured trustee for 37 RMBS trusts. [read post]
27 Jul 2015, 12:43 pm
On July 17, 2015, lead plaintiffs filed a stipulation and agreement settling a 2009 class action lawsuit against JPMorgan Chase & Co. [read post]
26 Jul 2015, 11:00 pm
., 14 Civ. 3042 (RMB)(AJP) (S.D.N.Y. [read post]
20 Jul 2015, 2:09 pm
On July 10, 2015, Judge Denise Cote of the Southern District of New York granted partial summary judgment in favor of defendants WMC Mortgage LLC and GE Mortgage Holding LLC in an action filed by Trustee Bank of New York Mellon (“BoNY”) in connection with the sale of over $900 Million in RMBS. [read post]
20 Jul 2015, 1:59 pm
On July 10, 2015, Judge Alvin Hellerstein of the Southern District of New York granted defendant WMC Mortgage LLC’s motion for judgment on the pleadings in an action brought by the Federal Housing Financial Agency (“FHFA”) and Deutsche Bank National Trust Co. [read post]
19 Jul 2015, 4:58 am
The evidentiary burden imposed on copyright plaintiffs is extremely high and, in the absence of sufficient evidence of infringement, damages are capped at 500,000 RMB (about 80,000 USD). [read post]
12 Jul 2015, 9:47 am
According to Magnus and Brightill a financial contribution exists ‘any time a government and a company trade one thing for another, even RMB for dollars’. [read post]
12 Jul 2015, 9:12 am
Lita tells Afro-IP that this week's #sandtondiscussion turns east to consider a recent case where famous footwear and apparel brand New Balance lost a trade mark case in China and is ordered to pay over RMB 98 million (a whopping USD 15.7 million) in damages to a Zhou Lelan, a local shoe manufacturer and alleged trade mark hijacker, over the use of the translation of the New Balance trade mark. [read post]
