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Public Notices | News, Sports, Jobs - Faribault County Register

Public Notices | News, Sports, Jobs - Faribault County Register
faribaultcountyregister.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from faribaultcountyregister.com Daily Mail and Mail on Sunday newspapers.

Still Litigating the 2007-08 Financial Crisis: The Claims Keep Coming | Bilzin Sumberg

To embed, copy and paste the code into your website or blog: One would think that, as we approach 2021, litigation related to residential mortgage loans originated and sold well over a decade ago would be ancient history. Nevertheless, some suits filed years ago remain active, and, even more surprisingly (and disturbingly), new lawsuits related to loans sold prior to 2008 may be on the way. Here is a look at the current RMBS (residential mortgage-backed securities)-related litigation landscape. Lehman Brothers Holdings Inc. (LBHI) lawsuits: LBHI has in the last few years resolved more than 100 contractual indemnification/breach of representation and warranty cases that it filed in the United States Bankruptcy Court for the Southern District of New York. We represented many of the companies that reached settlements. But approximately 25 to 30 cases are ongoing (in some of which we are counsel for the defendants), and LBHI is still pursuing pre-litigation demands against some brokers

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