Search for: "The Bank Of New York MellonĀ " Results 101 - 120 of 435
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11 Jan 2016, 9:05 am by James Fee
District Court for the Southern District of New York denied Bank of New York Mellon’s motion to dismiss RMBS claims regarding fourteen trusts and one indenture trust for lack of subject matter jurisdiction. [read post]
21 Dec 2015, 7:09 am by Thompson & Knight LLP
New Gulf’s liabilities total approximately $575 million which includes (i) $38 million owed pursuant to a 2014 Revolving Credit Agreement with MidFirst Bank as Administrative Agent, (ii) $365 million owed on account of senior secured notes with Bank of New York Mellon Trust Company, N.A. as trustee and collateral agent, (iii) $10 million owed to trade creditors in the ordinary course of business including royalty owners, and (iv) $162… [read post]
14 Dec 2015, 9:03 am by Darren S. Teshima
On December 1, 2015, the First Department of the Appellate Division of the Supreme Court for the State of New York affirmed the denial of a motion to dismiss an action brought by Bank of New York Mellon Corporation against J.P. [read post]
29 Oct 2015, 6:40 am by Legal Profession Prof
Broyles had represented The Bank of New York Mellon (“NY Mellon”) at a default hearing in a foreclosure case and obtained a judgment against... [read post]
20 Oct 2015, 6:00 am by Doug Leavitt
Bank of New York Mellon recently learned the hard way that doing a favor for a client can run afoul of the Foreign Corrupt Practices Act (“FCPA”). [read post]
19 Oct 2015, 4:43 pm by Sabrina I. Pacifici
Federal Reserve Bank of New York – “This interactive examines historical volumes, haircuts, and concentrations of the top 3 dealers in the U.S. tri-party repo market, aggregated by asset class. [read post]
12 Oct 2015, 2:53 pm by Thomas Kidera
On September 29, 2015, Judge Valerie Caproni of the United States District Court for the Southern District of New York partially granted RMBS trustee Bank of New York Mellon’s (“BNYM”) motion to dismiss claims brought by Phoenix Light SF Ltd., and certain other RMBS investors (together, the “Plaintiffs”). [read post]
12 Oct 2015, 2:47 pm by Thomas Kidera
On October 2, 2015, Justice Saliann Scarpulla of the New York Supreme Court issued an Opinion and Order partially granting Bank of New York Mellon’s (“BNYM”) Motion to Dismiss an RMBS action brought by Commerce Bank and other RMBS investors (together, the “Plaintiffs”). [read post]
29 Sep 2015, 3:17 pm by Katie Lieberg Stowe
Cote of the United States District Court for the Southern District of New York endorsed Bank of New York Mellon’s (“BNYM”) September 18, 2015 letter reporting that the parties had settled a case in which BNYM sought repurchase of a number of allegedly defective loans as trustee for the GE-WMC Mortgage Securities Trust 2006-1. [read post]
29 Sep 2015, 3:08 pm by Katie Lieberg Stowe
On September 18, 2015, Justice Shirley Kornreich of the Supreme Court of the State of New York dismissed a $600 million suit brought by Bank of New York Mellon, as securitization trustee (“BNYM”), against WLM Mortgage, LLC, J.P. [read post]
8 Sep 2015, 8:10 am by Katie Lieberg Stowe
On August 18, 2015, Judge Denise Cote of the federal district court for the Southern District of New York addressed the appropriate measure of potential damages in an action by Bank of New York Mellon (BoNY), as RMBS trustee, against WMC Mortgage, LLC and GE Mortgage Holding, L.L.C. [read post]
21 Aug 2015, 2:05 pm by Shannon Leong
., 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]
20 Aug 2015, 8:28 am by Kelly Johnson
By Kelly Johnson The Securities and Exchange Commission (SEC) announced Tuesday that Bank of New York Mellon (BNY Mellon) had agreed to pay $14.8 million dollars to settle Foreign Corrupt Practices Act (FCPA) violations. [read post]
20 Jul 2015, 4:58 pm by Sabrina I. Pacifici
Eight U.S. firms are currently expected to be identified as GSIBs under the final rule: Bank of America Corporation; The Bank of New York Mellon Corporation; Citigroup, Inc.; The Goldman Sachs Group, Inc.; JPMorgan Chase & Co.; Morgan Stanley; State Street Corporation; and Wells Fargo & Company…Like the proposal issued in December 2014, the final rule requires GSIBs to calculate their surcharges under two methods and use the higher of the… [read post]
20 Jul 2015, 2:09 pm by Steven J. Fink
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]
6 Jul 2015, 4:25 pm by Sabrina I. Pacifici
Twelve firms were required to submit plans on July 1: Bank of America Corporation, Bank of New York Mellon Corporation, Barclays PLC, Citigroup Inc., Credit Suisse Group AG, Deutsche Bank AG, Goldman Sachs Group, JPMorgan Chase & Co., Morgan Stanley, State Street Corporation, UBS AG, and Wells Fargo & Company. [read post]
1 Jun 2015, 11:52 am by Thomas Kidera
  The court held that the liquidation of a breaching loan presents such a circumstance, and permitted Bank of New York Mellon’s claims as to foreclosed-upon loans to go forward. [read post]
25 May 2015, 4:43 pm by Kevin LaCroix
The court did hold as certain of the statements of the three individual defendants and that the three individuals were entitled to a new trial on the question whether they had “made” the misleading statements, and then to reallocate liability among the three defendants. [read post]