|
Defendant
|
Plaintiff
|
Court
|
Amount
|
Overview
|
Case Title
|
Case Number
|
Date Filed |
Date of Activity |
Link to Story |
| Barclays Bank PLC |
United States of America |
na |
$160,000,000 |
Settlement over LIBOR manipulation. |
na |
na |
6/27/2012 |
6/27/2012 |
www.mortgagedaily.com/Rates062812.asp |
| United States of America |
State National Bank of Big Spring, Texas; the 60 Plus Association; Competitive Enterprise Institute |
U.S. District Court for the District of Columbia |
na |
Complaint filed. |
na |
na |
6/21/2012 |
6/21/2012 |
www.mortgagedaily.com/MctLawsuitCfpb062412.asp |
| GENERAL INFORMATION SERVICES, INC. |
SHAMARA T. KING on behalf of herself and all others similarly situated |
U.S. District Court for the Eastern District of Pennsylvania |
na |
Federal Trade Commission joined in filing a memorandum brief in support of the constitutionality of the Fair Credit Reporting Act. |
SHAMARA T. KING on behalf of herself and all others similarly situated, Plaintiff, v. GENERAL INFORMATION SERVICES, INC., Defendant. |
2:10-cv-06850-PBT |
na |
5/3/2012 |
www.mortgagedaily.com/CreditLawsuits2q2012.asp |
| BRIAN HAMER, in his official capacity as Director of the Illinois Department of Revenue; JOHN J. ACARDO, in his official capacity as DeKalb County Clerk and Recorder; KAREN A. STUKEL, in her official capacity as Will County Recorder; NANCY MCPHERSON, in her official capacity as Winnebago County Recorder; DAWN YOUNG, in her official capacity as Whiteside County Recorder; DEBBIE GILLETTE, in her official capacity as Kendall County Recorder; SANDY WEGMAN, in her official capacity as Kane County Recorder |
FEDERAL NATIONAL MORTGAGE ASSOCIATION (“FANNIE MAE”); THE FEDERAL HOME LOAN MORTGAGE CORPORATION (“FREDDIE MAC”); and, THE FEDERAL HOUSING FINANCE AGENCY |
U.S. District Court for the Northern District of Illinois |
na |
Complaint filed. |
THE FEDERAL NATIONAL MORTGAGE ASSOCIATION (“FANNIE MAE”); THE FEDERAL HOME LOAN MORTGAGE CORPORATION (“FREDDIE MAC”); and, THE FEDERAL HOUSING FINANCE AGENCY, in its capacity as an agency of the federal government and in its capacity as Conservator of Fannie Mae and Freddie Mac, Plaintiffs, v. BRIAN HAMER, in his official capacity as Director of the Illinois Department of Revenue; JOHN J. ACARDO, in his official capacity as DeKalb County Clerk and Recorder; KAREN A. STUKEL, in her official capacity as Will County Recorder; NANCY MCPHERSON, in her official capacity as Winnebago County Recorder; DAWN YOUNG, in her official capacity as Whiteside County Recorder; DEBBIE GILLETTE, in her official capacity as Kendall County Recorder; SANDY WEGMAN, in her official capacity as Kane County Recorder, Defendants |
3:12-cv-50230 |
6/22/2012 |
6/22/2012 |
www.mortgagedaily.com/LawsuitFhfaIL062212.asp |
| Bear Stearns Asset Backed Securities I LLC |
Federal Deposit Insurance Corporation |
U.S. District Court for the Southern District of New York |
$77,000,000 |
Complaint filed. |
Federal Deposit Insurance Corporation v. Bear Stearns Asset Backed Securities I LLC |
12-CV-4000 |
May |
May |
www.mortgagedaily.com/LitigationMbs070812.asp |
| Brookstone Securities, Antony Turbeville, Christopher Kline |
Financial Industry Regulatory Authority |
na |
$2,600,000 |
Fine issued, restitution ordered. |
na |
na |
na |
6/4/2012 |
www.mortgagedaily.com/LitigationMbs070812.asp |
| David Lerner Associates Inc. |
Financial Industry Regulatory Authority |
na |
$1,630,000,000 |
Panel ruled that defendant charged excessive markups on over 1,500 municipal bond and more than 1,700 collateralized-mortgage obligation transactions. |
na |
na |
na |
4/14/2012 |
www.mortgagedaily.com/LitigationMbs043012.asp |
| J.P. Morgan Securities LLC |
Federal Deposit Insurance Corporation |
U.S. District Court for the Southern District of New York |
$77,000,000 |
Complaint filed. |
Federal Deposit Insurance Corporation v. Bear Stearns Asset Backed Securities I LLC |
12-CV-4001 |
May |
May |
www.mortgagedaily.com/LitigationMbs070812.asp |
| Option One Mortgage Corp. |
Securities and Exchange Commission |
U.S. District Court for the Central District of California |
$28,200,000 |
Settlement reached. Plaintiff alleges that although defendant’s financial condition was rapidly deteriorating in 2007, it failed to advise RMBS investors about its dire situation |
United States Securities and Exchange Commission, Plaintiff, vs. Option One Mortgage Corporation n/k/a Sand Canyon Corporation, Defendant |
SA CV 12 633JST |
4/24/2012 |
4/24/2012 |
www.mortgagedaily.com/SettlementOptionOne042512.asp |
| State Street Global Advisors |
Massachusetts’ securities secretary |
na |
$5,000,000 |
Settlement reached. |
na |
na |
na |
Q2 |
www.mortgagedaily.com/LitigationMbs043012.asp |
| Anthony J. Nocella, J. Russell McCann |
Securities and Exchange Commission |
U.S. District Court for the Southern District of Texas |
$24,500,000 |
Complaint filed. |
Securities and Exchange Commission, Plaintiff, v. Anthony J. Nocella, and J. Russell McCann, Defendants |
4:12-cv-01051 |
4/5/2012 |
4/5/2012 |
www.mortgagedaily.com/LawsuitFranklin040912.asp |
| Mortgage Guaranty Insurance Corp. |
Freddie Mac and its regulator, the Federal Housing Finance Agency |
U.S. District Court for the Eastern District of Wisconsin |
$268,000,000 |
Complaint filed. |
na |
na |
5/8/2012 |
5/8/2012 |
www.mortgagedaily.com/LitigationMI012313.asp |
| OLD REPUBLIC INSURANCE COMPANY |
Federal Deposit Insurance Corporation |
U.S. District Court for the Northern District of Ohio |
$46,000,000 |
Summary judgment awarded to plaintiff on issues that defendant couldn’t retroactively terminate policy and that defendant can’t avoid liability based on proposal terms contradictory to policy terms but remainder of plaintiff’s summary judgment motion and defendant’s motion for summary judgment denied. |
THE FEDERAL DEPOSIT INSURANCE COMPANY, as Receiver for AmTrust Bank, Plaintiffs, v. OLD REPUBLIC INSURANCE COMPANY, Defendant |
1:11-CV-371 |
2/18/2011 |
4/16/2012 |
www.mortgagedaily.com/LitigationMI012313.asp |
