BlackRock Attorney to Face Stiffer Challenges to Next Set of MBS Settlements
(Updated version, including new 6th paragraph on subsequent announcement of larger probe into Morgan Stanley bonds) Having received copious kudos for engineering an $8.5 billion investor settlement...
View ArticleNew York Judge Strikes Blow to Investor Putback Claims
Update: it appears that Walnut Place has already filed an appeal of the dismissal of its lawsuit against BofA and Countrywide – IMG. Investors in Countrywide mortgage backed securities (MBS) were dealt...
View ArticlePauley Stirs the Pot: Federal Judge Still Making an Impact as BofA Settlement...
On April 24, Judge Barbara Kapnick will hold a hearing in New York Supreme Court on whether Bank of American’s $8.5 billion settlement proposal should be evaluated under the restrictive Article 77...
View ArticleBREAKING NEWS: Article 77 Hearing Postponed, Bill Frey Subpoenaed by AIG
I wanted to publish a quick update to yesterday’s article breaking down the challenges BofA will face to its $8.5 billion mortgage rep and warranty settlement. Sources have informed me that the May 30...
View ArticleMotion to Exclude Frey Testimony from Article 77 Raises Eyebrows, Questions...
The backyard brawl between the AIG-led objecting investors on one hand and Bank of New York Mellon (BNYM) and the investors supporting BofA’s $8.5 billion settlement on the other is about to get even...
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