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7 Jan 2013, 2:04 pm by Editorial Board
Bank, acting in its capacity as Trustee for two Merrill Lynch RMBS trusts that issued over $1 billion in RMBS certificates, filed a complaint in New York Supreme Court against Merrill Lynch. [read post]
2 Jan 2013, 10:58 am by fraudfighters
  RMBS are pools of mortgages deposited into trusts and then sold as securities to investors. [read post]
2 Dec 2012, 4:03 pm by Editorial Board
In what appears to be part of a continuing crackdown on price-fixing cartels, members of a cartel based in China’s southern Guangdong province have been fined more than RMB 750,000 ($120,000) in a recent action by the National Development and Reform Commission (NDRC). [read post]
28 Nov 2012, 3:58 am by Dan Harris
This means that the Chinese company will need to contribute the RMB equivalent of $400,000 in cash. [read post]
20 Nov 2012, 12:35 pm by Securites Lawprof
The New York AG filed a Martin Act complaint against Credit Suisse Securities (USA) LLC and its affiliates for making fraudulent misrepresentations and omissions to promote the sale of residential mortgage­-backed securities (RMBS) to investors. [read post]
19 Nov 2012, 6:08 am by Editorial Team
  Plaintiffs assert claims for common-law fraud, fraudulent inducement, negligent misrepresentation, and aiding and abetting fraud arising out of their alleged purchase of $261 million of RMBS. [read post]
8 Nov 2012, 1:38 pm
They then sold MBS into the CDO at prices they had received four months prior while being fully aware that during this time the RMBS market had declined. [read post]
5 Nov 2012, 12:47 am by Kevin LaCroix
There may be more accounting malpractice actions to come; on its website, the FDIC reports that the agency has “authorized 46 other lawsuits for fidelity bond, insurance, attorney malpractice, appraiser malpractice, accounting malpractice, and RMBS claims. [read post]
31 Oct 2012, 12:28 pm by D. Daxton White
RMB Capital Management, Veritable LP, Silvercrest Asset Management Group, LLC, KLS Professional Advisors Group, LLC, BBR Partners, LLC, Welch & Forbes, LLC, Inverness Counsel, LLC, Ronald Blue & Co., LLC, Homrich Berg, Foundation Resource Management, Inc. [read post]
31 Oct 2012, 12:28 pm by D. Daxton White
RMB Capital Management, Veritable LP, Silvercrest Asset Management Group, LLC, KLS Professional Advisors Group, LLC, BBR Partners, LLC, Welch & Forbes, LLC, Inverness Counsel, LLC, Ronald Blue & Co., LLC, Homrich Berg, Foundation Resource Management, Inc. [read post]
29 Oct 2012, 8:37 am
However, the Residential Mortgage Backed Securities Fraud Working Group ("RMBS Fraud Working Group") seeks to hold the major financial institutions accountable for the problems they have caused. [read post]
29 Oct 2012, 8:37 am
However, the Residential Mortgage Backed Securities Fraud Working Group ("RMBS Fraud Working Group") seeks to hold the major financial institutions accountable for the problems they have caused. [read post]
9 Oct 2012, 12:24 pm by Judy Kwan
The lawsuit is unique among RMBS cases in that it does not focus on alleged misrepresentations or omissions made in connection with individual RMBS deals. [read post]
19 Sep 2012, 6:50 am by Sheppard Mullin
The dealerships’ illegal income (RMB 1,470,000) was confiscated and a fine (RMB 265,000) was imposed. [read post]
11 Sep 2012, 5:34 pm
“While China’s reforms cannot ensure that the RMB is market-based, neither is the currency completed insulated from market forces. [read post]
10 Sep 2012, 7:59 am by Editorial Board
On August 29, 2012, Bank Hapoalim B.M. filed a summons with notice for a case against Morgan Stanley and related entities in the Supreme Court of New York for allegedly making knowing misrepresentations and omissions in offering materials concerning the loans pooled into $140 million worth of RMBS issued between September 2006 and June 2007 in eight RMBS securitizations. [read post]
10 Sep 2012, 7:57 am by Editorial Board
On September 5, 2012 Sealink Funding Limited filed a summons with notice against UBS AG in the Supreme Court for the State of New York for allegedly misrepresenting the nature of nearly $160 million worth of RMBS securities. [read post]