Posts tagged "mortgage-backed securities"

RBS to Pay $1.1 Billion in Settlement Agreement, Total NCUA Claims to Exceed $4.3 Billion

The National Credit Union Administration, as liquidating agent (NCUA) and the Royal Bank of Scotland-RBS Securities, Inc. (RBS) have reached a settlement agreement associated with claims arising from the bank’s sale of mortgage-backed securities to two corporate credit unions, the NCUA announced yesterday.

The NCUA brought claims against various banks in 2011, retaining the law firm Korein Tillery and its co-counsel. Lead counsel members at Korein Tillery …

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Supreme Court to Revisit Extent of Class-Action Tolling

IndyMacOn March 10th, the U.S. Supreme Court agreed to consider whether the three-year window for filing a securities claim is suspended if investors can prove that they would have been plaintiffs in a previous class action, had it not been dismissed. The case at issue in front of the Court is Public Employees’ Retirement System of Mississippi …

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