Posts tagged "NCUA"

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 …

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

Tags: , , , , ,

Deutsche Bank and their Failure to Comply with Basic Trustee Duties

RMBS2-thumb-142x142-45378

Last week, the legal team at Korein Tillery as well as Kellogg, Huber, Hansen, Todd, Evans & Figel and Wollmuth Maher & Deutsch filed a complaint in federal court against Deutsche Bank National Trust Company. The complaint states that Deutsche Bank National Trust Company failed to comply with its basic duties as trustee of 121 trusts that …

Continue reading Deutsche Bank and their Failure to Comply with Basic Trustee Duties…

Tags: , , , , , ,