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Second-Quarter 2012 Mortgage Litigation Index

Mortgage Investor Lawsuits

Second-Quarter 2012 Mortgage Litigation Index

Shareholder lawsuits and class actions accusing companies of inflating earnings, overstating capital position or otherwise deceiving investors in the company. Other shareholder issues.

Defendant
Plaintiff
Court
Amount
Overview
Case Title
Case Number
Date Filed Date of Activity Link to Story
Donna Bland et al 1st Valley Credit Union et al  U.S. District Court for the Central District of California $8,900,000,000 Answer to amended complaint filed. 1st Valley Credit Union et al v. Donna Bland et al 2:10-cv-01597-GW-MAN 3/3/2010 4/4/2012 www.mortgagedaily.com/LitigationMbs043012.aspwww.mortgagedaily.com/LitigationInvestor032712.asp
National Note of Utah LC, Wayne LaMar Palmer Securities and Exchange Commission U.S. District Court for the District of Utah $100,000,000 Complaint filed. Securities and Exchange Commission, Plaintiff, v. National Note of Utah LC, a Utah Limited Liability Company and Wayne LaMar Palmer, and individual, Defendants Case 2:12-cv-00591-BSJ 6/25/2012 6/25/2012 www.mortgagedaily.com/OrderNationalNote062612.asp
Bank of America Bank of New York Mellon Corp. U.S. District Court for the Southern District of New York, U.S. Circuit Court of Appeals in New York $8,500,000,000 New York Attorney General Eric T. Schneiderman approved to intervene over opposition by trustee Bank of New York Mellon. $6 billion claim by AIG struck down. Scheduled hearing notice filed on Aug. 10. Bank of New York Mellon v. Walnut Place LLC et al. 11-cv-5988, 11-4554,11-4571 na 8/10/2012 www.mortgagedaily.com/LitigationMbs070812.aspwww.mortgagedaily.com/LitigationMbs110712.asp
BANK OF AMERICA CORPORATION; BANK OF AMERICA, N.A; NB HOLDINGS CORPORATION; COUNTRYWIDE FINANCIAL CORPORATION; COUNTRYWIDE HOME LOANS, INC.; COUNTRYWIDE SECURITIES CORPORATION; CWABS, INC.; CWMBS, INC. IKB INTERNATIONAL S.A. IN LIQUIDATION, IKB DEUTSCHE INDUSTRIEBANK AG Supreme Court of the State of New York County of New York $200,319,000 Complaint filed. IKB INTERNATIONAL S.A. IN LIQUIDATION and IKB DEUTSCHE INDUSTRIEBANK AG Plaintiffs, v. BANK OF AMERICA CORPORATION; BANK OF AMERICA, N.A; NB HOLDINGS CORPORATION; COUNTRYWIDE FINANCIAL CORPORATION; COUNTRYWIDE HOME LOANS, INC.; COUNTRYWIDE SECURITIES CORPORATION; CWABS, INC.; and CWMBS, INC., Defendants Index No. 651676/2012 5/14/2012 5/14/2012 www.mortgagedaily.com/LitigationMbs070812.asp
Barclays Bank PLC Oddo Asset Management Supreme Court of the State of New York, Court of Appeals State of New York na Dismissal upheld by appeals court. Oddo Asset Management v. Barclays Bank PLC Index No. 109547-2008E 11/7/2008 6/27/2012 www.mortgagedaily.com/LitigationMbs070812.asp
Bear Stearns & Company Inc., Frederick W. Barney Jr.; The Bear Stearns Companies, JPMorgan Chase & Co. Republic Bank & Trust Co. U.S. Court of Appeals for the Sixth Circuit Dismissal upheld by appeals court. Republic Bank & Trust Company, Plaintiff-Appellant, v. Bear Stearns & Company Inc.; Frederick W. Barney Jr.; The Bear Stearns Companies, JPMorgan Chase & Co., Defendants-Appellees 10-5510, 09-00287 na 6/20/2012 https://www.mortgagedaily.com/LitigationMbs070812.asp
Credit Suisse, RESIDENTIAL ASSET SECURITIZATION TRUST 2006-A8 Vaszurele Ltd, VASILI TSERETELI U.S. District Court for the Southern District of New York na Class certification granted. VASILI TSERETELI, et al., Plaintiffs, v. RESIDENTIAL ASSET SECURITIZATION TRUST 2006-A8, et al., Defendants 08 Civ. 10637 (LAK) na 6/29/2012 www.mortgagedaily.com/LitigationMbs070812.asp
Deutsche Alt-A Securities Inc. MASSACHUSETTS BRICKLAYERS AND MASONS TRUST FUNDS, Individually and On Behalf of All Others Similarly Situated U.S. District Court for the Eastern District of New York $32,500,000 Settlement hearing scheduled. MASSACHUSETTS BRICKLAYERS AND MASONS TRUST FUNDS, Individually and On Behalf of All Others Similarly Situated, Plaintiff, vs. DEUTSCHE ALT-A SECURITIES, INC., et al., Defendants 2:08-cv-03178-LDW-ARL na 4/24/2012 www.mortgagedaily.com/LitigationMbs043012.asp
DEUTSCHE BANK AG; DEUTSCHE BANK SECURITIES, INC.; DB STRUCTURED PRODUCTS INC.; ACE SECURITIES CORP.; DEUTSCHE ALT-A SECURITIES INC. Bayerische Landesbank Supreme Court of the State of New York $810,000,000 Complaint filed alleging defendant internally called the securities “pigs,” “crap” and “horrible” while offering materials said the loans were prudently underwritten in line with its guidelines, the quality was verified by defendant and the loans were secured by adequate collateral. BAYERISCHE LANDESBANK, NEW YORK BRANCH, Plaintiff, v. DEUTSCHE BANK AG; DEUTSCHE BANK SECURITIES, INC.; DB STRUCTURED PRODUCTS INC.; ACE SECURITIES CORP.; and DEUTSCHE ALT-A SECURITIES INC. Defendants 651264/2012 4/18/2012 4/18/2012 www.mortgagedaily.com/LitigationMbs043012.asp
EMC Mortgage LLC, parent JPMorgan SACO I Trust 2006-5 Supreme Court of the State of New York County of New York $293,000,000 Summons with notice filed. SACO I Trust 2006-5, issuer of the SACO I Trust 2006-5 Mortgage Backed Certificates, Series 2006-5, Plaintiff, -against- EMC Mortgage LLC (formerly known as EMC Mortgage Corp.) and JPMorgan Chase & Co., Defendants Index No. 651820/2012 5/25/2012 5/25/2012 www.mortgagedaily.com/LitigationMbs070812.asp
Goldman Sachs & Co. ACA Financial Guaranty Corp. Supreme Court of the State of New York na Denied defendant’s motion to dismiss. But the judge did dismiss plaintiff’s “unjust enrichment” third cause of action.  ACA Financial Guaranty Corp., Plaintiff, – against – Goldman, Sachs & Co., Defendants 650027/11 1/6/2011 4/24/2012 www.mortgagedaily.com/LitigationMbs043012.asp
Goldman Sachs & Co. Landesbank Baden-Wurttemberg U.S. Court of Appeals for the Second Circuit  na Dismissal affirmed. Landesbank Baden-Wurttemberg v. Goldman, Sachs & Co. et al 1:10-cv-07549-WHP 10/4/2010 4/19/2012 www.mortgagedaily.com/LitigationMbs043012.asp
Goldman Sachs Group Inc. Ilene Richman U.S. District Court for the Southern District of New York na Motion to dismiss granted. Ilene Richman, Individually and on behalf of all others similarly situated, Plaintiffs, v. Goldman Sachs Group, Inc., et al., Defendants 10 Civ. 3461 7/2/1905 6/21/2012 www.mortgagedaily.com/LitigationMbs070812.asp
Individuals previously affiliated with bankrupt Lehman Brothers Holding Inc. Locals 302 and 612 of the International Union of Operating Engineers – Employers Construction Trust Fund, New Jersey Carpenters Health Fund, Boilermakers-Blacksmith National Pension Trust U.S. District Court for the Southern District of New York $40,000,000 Settlement approved. In re Lehman Brothers Mortgage-based Securities Litigation 08-CV-6762 na 6/21/2012 www.mortgagedaily.com/LitigationMbs070812.asp
J.P. MORGAN SECURITIES LLC, GOLDMAN SACHS & CO., CREDIT SUISSE SECURITIES (USA) LLC, MORGAN STANLEY, RBS SECURITIES, INC., MERRILL LYNCH, PIERCE, FENNER & SMITH INCORPORATED, EMC MORTGAGE LLC, J.P. MORGAN MORTGAGE ACQUISITION CORP., CHASE HOME FINANCE LLC, STRUCTURED ASSET MORTGAGE INVESTMENTS II INC., CHASE MORTGAGE FINANCE CORPORATION, J.P. MORGAN ACCEPTANCE CORPORATION I, BEAR STEARNS ASSET BACKED SECURITIES I LLC, BEAR STEARNS MORTGAGE CAPITAL CORPORATION, JPMORGAN CHASE & CO., THE BEAR STEARNS COMPANIES LLC, GOLDMAN SACHS MORTGAGE COMPANY, GS MORTGAGE SECURITIES CORP., THE GOLDMAN SACHS GROUP, INC., GOLDMAN SACHS REAL ESTATE FUNDING CORP., DLJ MORTGAGE CAPITAL, INC., CREDIT SUISSE FIRST BOSTON MORTGAGE SECURITIES CORP., ASSET BACKED SECURITIES CORP., CREDIT SUISSE AG, MORGAN STANLEY & CO. LLC, MORGAN STANLEY MORTGAGE CAPITAL HOLDINGS LLC, MORGAN STANLEY ABS CAPITAL I, INC., SAXON CAPITAL, INC., SAXON FUNDING MANAGEMENT LLC, SAXON ASSET SECURITIES COMPANY, MORGAN STANLEY CAPITAL I INC., MORGAN STANLEY CAPITAL MANAGEMENT, LLC, MORGAN STANLEY DOMESTIC HOLDINGS, INC., GREENWICH CAPITAL FINANCIAL PRODUCTS, INC., RBS ACCEPTANCE INC., FINANCIAL ASSET SECURITIES CORP., THE ROYAL BANK OF SCOTLAND GROUP PLC, MERRILL LYNCH MORTGAGE LENDING, INC., FIRST FRANKLIN FINANCIAL CORPORATION, MERRILL LYNCH MORTGAGE INVESTORS, INC., MERRILL LYNCH & CO. PHOENIX LIGHT SF LIMITED, BLUE HERON FUNDING II LTD., BLUE HERON FUNDING V LTD., BLUE HERON FUNDING VI LTD., BLUE HERON FUNDING VII LTD., BLUE HERON FUNDING IX LTD., SILVER ELMS CDO PLC, SILVER ELMS CDO II LIMITED, KLEROS PREFERRED FUNDING V PLC Supreme Court of the State of New York County of New York na Complaint filed. PHOENIX LIGHT SF LIMITED, BLUE HERON FUNDING II LTD., BLUE HERON FUNDING V LTD., BLUE HERON FUNDING VI LTD., BLUE HERON FUNDING VII LTD., BLUE HERON FUNDING IX LTD., SILVER ELMS CDO PLC, SILVER ELMS CDO II LIMITED and KLEROS PREFERRED FUNDING V PLC, Plaintiffs, vs. J.P. MORGAN SECURITIES LLC, GOLDMAN SACHS & CO., CREDIT SUISSE SECURITIES (USA) LLC, MORGAN STANLEY, RBS SECURITIES, INC., MERRILL LYNCH, PIERCE, FENNER & SMITH INCORPORATED, EMC MORTGAGE LLC, J.P. MORGAN MORTGAGE ACQUISITION CORP., CHASE HOME FINANCE LLC, STRUCTURED ASSET MORTGAGE INVESTMENTS II INC., CHASE MORTGAGE FINANCE CORPORATION, J.P. MORGAN ACCEPTANCE CORPORATION I, BEAR STEARNS ASSET BACKED SECURITIES I LLC, BEAR STEARNS MORTGAGE CAPITAL CORPORATION, JPMORGAN CHASE & CO., THE BEAR STEARNS COMPANIES LLC, GOLDMAN SACHS MORTGAGE COMPANY, GS MORTGAGE SECURITIES CORP., THE GOLDMAN SACHS GROUP, INC., GOLDMAN SACHS REAL ESTATE FUNDING CORP., DLJ MORTGAGE CAPITAL, INC., CREDIT SUISSE FIRST BOSTON MORTGAGE SECURITIES CORP., ASSET BACKED SECURITIES CORP., CREDIT SUISSE AG, MORGAN STANLEY & CO. LLC, MORGAN STANLEY MORTGAGE CAPITAL HOLDINGS LLC, MORGAN STANLEY ABS CAPITAL I, INC., SAXON CAPITAL, INC., SAXON FUNDING MANAGEMENT LLC, SAXON ASSET SECURITIES COMPANY, MORGAN STANLEY CAPITAL I INC., MORGAN STANLEY CAPITAL MANAGEMENT, LLC, MORGAN STANLEY DOMESTIC HOLDINGS, INC., GREENWICH CAPITAL FINANCIAL PRODUCTS, INC., RBS ACCEPTANCE INC., FINANCIAL ASSET SECURITIES CORP., THE ROYAL BANK OF SCOTLAND GROUP PLC, MERRILL LYNCH MORTGAGE LENDING, INC., FIRST FRANKLIN FINANCIAL CORPORATION, MERRILL LYNCH MORTGAGE INVESTORS, INC., MERRILL LYNCH & CO. Index No. 651755/2012 5/22/2012 5/22/2012 www.mortgagedaily.com/LitigationMbs070812.asp
JPMorgan Chase & Co. and subsidiaries Bayerische Landesbank U.S. District Court for the Southern District of New York $2,100,000,000 Case removed from New York Supreme Court to District Court. BAYERISCHE LANDESBANK, NEW YORK BRANCH, Plaintiff, -against- BEAR STEARNS & CO. INC., THE BEAR STEARNS COMPANIES, INC., BEAR STEARNS ASSET BACKED SECURITIES I LLC, EMC MORTGAGE LLC (f/k/a EMC MORTGAGE CORPORATION), STRUCTURED ASSET MORTGAGE INVESTMENTS II INC., J.P. MORGAN ACCEPTANCE CORPORATION I, J.P. MORGAN MORTGAGE ACQUISITION CORPORATION., J.P. MORGAN SECURITIES LLC (f/k/a JPMORGAN SECURITIES INC.), CHASE HOME FINANCE, CHASE MORTGAGE FINANCE, WAMU ASSET ACCEPTANCE CORP., WAMU CAPITAL CORP., WAMU MORTGAGE SECURITIES, JPMORGAN CHASE & CO., and JPMORGAN CHASE BANK, N.A., Defendants 12-cv-2804 (LAK) 11/21/2011 4/9/2012 www.mortgagedaily.com/LitigationMbs043012.asp
Merrill Lynch & Co., Bank of America Public Employees’ Retirement System of Mississippi U.S. District Court for the Southern District of New York $315,000,000 Judge approves settlement. Public Employees’ Retirement System of Mississippi et al v. Merrill Lynch & Co et al 08-10841 na 5/8/2012 www.mortgagedaily.com/LitigationMbs070812.asp
MERRILL LYNCH & CO., MERRILL LYNCH, PIERCE, FENNER & SMITH INC., MERRILL LYNCH MORTGAGE INVESTORS, INC., and MERRILL LYNCH MORTGAGE LENDING, INC. BAYERISCHE LANDESBANK, NEW YORK BRANCH Supreme Court of the State of New York County of New York $324,000,000 Complaint filed. BAYERISCHE LANDESBANK, NEW YORK BRANCH, Plaintiff, v. MERRILL LYNCH & CO., MERRILL LYNCH, PIERCE, FENNER & SMITH INC., MERRILL LYNCH MORTGAGE investor, INC., and MERRILL LYNCH MORTGAGE LENDING, INC. Defendants 651480/2012 5/2/2012 5/2/2012 www.mortgagedaily.com/LitigationMbs070812.asp
Morgan Stanley THE PRUDENTIAL INS COMP OF AMERICA Superior Court of New Jersey, Essex County na Complaint filed. THE PRUDENTIAL INS COMP OF AMERICA VS MORGAN STANL.
Docket # 003080 12 4/25/2012 4/25/2012 www.mortgagedaily.com/LitigationMbs070812.asp
MORGAN STANLEY, MORGAN STANLEY & CO. INC., MORGAN STANLEY ABS CAPITAL I INC., MORGAN STANLEY MORTGAGE CAPITAL INC., MORGAN STANLEY CAPITAL I INC., MORGAN STANLEY MORTGAGE CAPITAL HOLDINGS LLC, SAXON CAPITAL INC., SAXON ASSET SECURITIES CO., SAXON FUNDING MANAGEMENT LLC METROPOLITAN LIFE INSURANCE CO., METLIFE INSURANCE COMPANY OF CONNECTICUT, METLIFE REINSURANCE COMPANY OF SOUTH CAROLINA, GENERAL AMERICAN LIFE INSURANCE CO., METLIFE INVESTORS USA INSURANCE CO. Supreme Court of the State of New York $757,000,000 Plaintiff alleges that even though the investment banker represented that the underlying loans were underwritten according to guidelines, used accurate property appraisals and had due diligence performed on them — Morgan Stanley knew that the securities “were destined to fail.” METROPOLITAN LIFE INSURANCE COMPANY; METLIFE INSURANCE COMPANY OF CONNECTICUT; METLIFE REINSURANCE COMPANY OF SOUTH CAROLINA; GENERAL AMERICAN LIFE INSURANCE COMPANY; and METLIFE investor USA INSURANCE COMPANY Plaintiffs, v. MORGAN STANLEY; MORGAN STANLEY & CO., INC.; MORGAN STANLEY ABS CAPITAL I INC.; MORGAN STANLEY MORTGAGE CAPITAL INC.; MORGAN STANLEY CAPITAL I INC.; MORGAN STANLEY MORTGAGE CAPITAL HOLDINGS LLC; SAXON CAPITAL INC.; SAXON ASSET SECURITIES COMPANY; and SAXON FUNDING MANAGEMENT LLC Defendants 651360/2012 4/25/2012 4/25/2012 www.mortgagedaily.com/LitigationMbs043012.asp
ROBERT A. SIRAVO, TODD M. LANE, ROBERT J. BURRELL, THOMAS E. SWEDBERG, TIMOTHY T. SIDLEY, ROBERT H. HARVEY, JR., WILLIAM CHENEY, GORDON DAMES, JAMES P. JORDAN, TIMOTHY KRAMER, ROBIN J. LENTZ, JOHN M. MERLO, WARREN NAKAMIJRA, BRIAN OSBERG, DAVID RHAMY and SHARON UPDIKE National Credit Union Administration Board as Conservator for Western Corporate Federal Credit Union U.S. District Court for the Central District of California na Answers to counterclaims filed, as has amended answer to complaint National Credit Union Administration Board as Conservator for Western Corporate Federal Credit Union, Plaintiff, v. ROBERT A. SIRAVO, TODD M. LANE, ROBERT J. BURRELL, THOMAS E. SWEDBERG, TIMOTHY T. SIDLEY, ROBERT H. HARVEY, JR., WILLIAM CHENEY, GORDON DAMES, JAMES P. JORDAN, TIMOTHY KRAMER, ROBIN J. LENTZ, JOHN M. MERLO, WARREN NAKAMIJRA, BRIAN OSBERG, DAVID RHAMY and SHARON UPDIKE, defendants (originally filed as 1st Valley Credit Union, et al. v. Bland, et al.) na na April www.mortgagedaily.com/LitigationInvestor032712.aspwww.mortgagedaily.com/LitigationMbs043012.asp
UBS Americas Inc., UBS Real Estate Securities Inc., UBS Securities LLC, Mortgage Asset Securitization Transactions Inc.. David Martin, Per Dyrvick, Hugh Corcoran, Peter Slagowitz Federal Housing Finance Agency, as Conservator for the Federal National Mortgage Association and the Federal Home Loan Mortgage Corp. U.S. District Court for the Southern District of New York $4,500,000,000 Defendant’s motion to dismiss denied. Federal Housing Finance Agency, as Conservator for the Federal National Mortgage Association and the Federal Home Loan Mortgage Corp., Plaintiff, -against- UBS Americas Inc., UBS Real Estate Securities Inc., UBS Securities LLC, Mortgage Asset Securitization Transactions Inc.. David Martin, Per Dyrvick, Hugh Corcoran and Peter Slagowitz, Defendants 11 CIV 5201 7/27/2011 5/14/2012 www.mortgagedaily.com/LitigationMbs070812.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
Sand Canyon Corp. Homeward Residential Inc. U.S. District Court for the Southern District of New York). $325,000,000 Case removed to federal court. Homeward Residential Inc. v. Sand Canyon Corp. 12-cv-5067 na 5/31/2012 www.mortgagedaily.com/LitigationRepurchases021113.asp
GMAC Mortgage LLC, Balboa Insurance Co.  na U.S. District Court for the Southern District of New York na Putative class action filed. na na April April www.mortgagedaily.com/LitigationForcedPlacedInsurance071712.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
Terrace Mortgage Company Residential Funding Company, LLC U.S. District Court, D. Minnesota na Notice of appeal to Eight Circuit filed. Residential Funding Company, LLC., v. Terrace Mortgage Company 09-3455 (SRN/AJB) 12/24/2009 6/29/2012 www.mortgagedaily.com/LitigationRepurchases021113.asp
Allied Mortgage Group, Inc. CitiMortgage, Inc. U.S. District Court, E.D. Missouri, Eastern Division na Complaint filed. CitiMortgage, Inc. V. Allied Mortgage Group, Inc. 4:10CV01863 JAR 5/1/2012 5/1/2012 www.mortgagedaily.com/LitigationRepurchases021113.asp
na Residential Capital LLC, 27 other Ally Financial Inc. entities including ditech.com, GMAC Mortgage LLC, Homecomings Financial LLC U.S. Bankruptcy Court for the Southern District of New York na Filed for bankruptcy. Approval to stop funding HELOCs granted on May 15. In. re. Residential Capital LLC 12-12020 5/14/2012 5/14/2012 www.mortgagedaily.com/ResCapBankruptcy051412.asp
na Franklin Credit Holding Corp. U.S. Bankruptcy Court for the District of New Jersey na Voluntary petition for bankruptcy relief under Chapter 11 of the U.S. Bankruptcy Code filed. In re: Franklin Credit Holding Corporation 12-24411(DHS) 6/4/2012 6/4/2012 www.mortgagedaily.com/Closings060912.asp
Thornburg Mortgage former executives Thornburg Mortgage investors U.S. District Court for the District of New Mexico $2,000,000 Court filing indicates settlement in works. In re Thornburg Mortgage Inc. Securities Litigation. 1:07-cv-00815 8/21/2007 June www.mortgagedaily.com/MctLawsuitThornburg053112.asp
BEAR, STEARNS & CO. INC., THE BEAR STEARNS COMPANIES, INC., BEAR STEARNS ASSET BACKED SECURITIES I LLC, EMC MORTGAGE LLC (f/k/a EMC MORTGAGE CORPORATION), STRUCTURED ASSET MORTGAGE INVESTMENTS II INC., J.P. MORGAN ACCEPTANCE CORPORATION I, J.P. MORGAN MORTGAGE ACQUISITION CORPORATION, J.P. MORGAN SECURITIES LLC (f/k/a JPMORGAN SECURITIES INC.) WAMU ASSET ACCEPTANCE CORP., WAMU CAPITAL CORP., WAMU MORTGAGE SECURITIES, LONG BEACH SECURITIES CORP., JPMORGAN CHASE & CO., JPMORGAN CHASE BANK, N.A. DEXIA SA/NV; DEXIA HOLDINGS, INC.; FSA ASSET MANAGEMENT LLC; DEXIA CREDIT LOCAL SA U.S. District Court for the Southern District of New York, New York State Supreme Court $203,100,000 Case removed to federal court. DEXIA SA/NV; DEXIA HOLDINGS, INC.; FSA ASSET MANAGEMENT LLC; DEXIA CREDIT LOCAL SA, Plaintiffs, V. BEAR, STEARNS & CO. INC., THE BEAR STEARNS COMPANIES, INC., BEAR STEARNS ASSET BACKED SECURITIES I LLC, EMC MORTGAGE LLC (f/k/a EMC MORTGAGE CORPORATION), STRUCTURED ASSET MORTGAGE INVESTMENTS II INC., J.P. MORGAN ACCEPTANCE CORPORATION I, J.P. MORGAN MORTGAGE ACQUISITION CORPORATION, J.P. MORGAN SECURITIES LLC (f/k/a JPMORGAN SECURITIES INC.) WAMU ASSET ACCEPTANCE CORP., WAMU CAPITAL CORP., WAMU MORTGAGE SECURITIES, LONG BEACH SECURITIES CORP., JPMORGAN CHASE & CO., and JPMORGAN CHASE BANK, N.A., Defendants 12-cv-4761 (JSR)(JLC), 650180-2012 1/19/2012 6/18/2012 www.mortgagedaily.com/MctLawsuitWamu021513.asp
Jeremy C. Churchill United States of America na $13,100,000 Pled guilty, sentencing set for Aug. 24. na na na 5/9/2012 www.mortgagedaily.com/LitigationCriminal052112.asp
Koljo Nikolovski United States of America U.S. District Court for the Northern District of Ohio $5,600,000 18-year sentence. na na na 5/11/2012 www.mortgagedaily.com/LitigationCriminalBanks072512.asp
Abacus Federal Savings Bank, Yiu Wah Wong, Wai Hung Tam, Victoria Tsui Yi Yi Zhao, Andy Chen, Wen Fang Wang, Ying Chuan Wang, Jie Qiong Nan, Chi Fung Lau, Phoebe Lee, Qibin Yu, Ruo Lan Chen, Lien Quach, Xiaomin Huang, Yim Cheng, Jin Hua Zhang, Wai Ching Wong, Yuk Yin Lam Cheng, Michelle Wong Li Manhattan District Attorney Cyrus R. Vance na “hundreds of millions of dollars” Defendant indicted along with former executives, loan originators and employees for defrauding Fannie Mae. na na 5/31/2012 5/31/2012 www.mortgagedaily.com/IndictmentAbacus053112.asp
Joseph W. Traxler Centennial Mortgage and Funding Inc. na $5,395,923 Defendant sentenced. na na na Q2 www.mortgagedaily.com/LitigationCriminal052112.asp
Reginald R. Harper United States of America $2,000,000 Defendant entered guilty plea. na na na 4/26/2012 www.mortgagedaily.com/LitigationCriminal052112.asp
Fifth Third Bancorp; Kevin T. Kabat; Paul L. Reynolds; The Pension and Profit Sharing Committee; Nancy Phillips; Greg Carmichael; Robert Sullivan; Mary Tuuk; John Does 1-20, Defendants-Appellees John Dudenhoefer, on behalf of himself and all others similarly situated; Alireza Partovipanah, Plaintiffs-Appellants U.S. Court of Appeals, Sixth Circuit na Argued. John DUDENHOEFER, on behalf of himself and all others similarly situated; Alireza Partovipanah, Plaintiffs-Appellants,  v.  FIFTH THIRD BANCORP; Kevin T. Kabat; Paul L. Reynolds; The Pension and Profit Sharing Committee; Nancy Phillips; Greg Carmichael; Robert Sullivan; Mary Tuuk; John Does 1-20, Defendants-Appellees 11-3012 na 6/7/2012 www.mortgagedaily.com/EmploymentLawsuits2q2012.asp
JPMorgan Chase & Co. 401(k) plan participants U.S. District Court for the Southern District of New York na Complaint filed alleging ERISA violations. Gregory Scrydoff, Individually and On Behalf of All Others Similarly Situated, Plaintiff, vs. JPMorgan Chase & Company, The JPMorgan Chase Retirement Plan, JPMorgan Chase Bank, N.A., JPMorgan Compensation &* Management Development Committee, Bernadette J. Ulissi, David C. Novak, Stephen B. Burke, Lee R. Raymond, William Weldon, John Does 1-10, James Dimon, Ina R. Drew, Douglas L. Braunstein, John Does 1-100, Defendants 1:12-cv-04027-GBD 5/21/2012 5/21/2012 www.mortgagedaily.com/LitigationEmployment082012.asp

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