On February 10, 2017, the Securities and Exchange Commission (SEC) extended to February 11, 2018 the expiration dates of certain interim final rules relating to "exemptions under [various securities laws]...

The settlement resolves six separate suits brought in 2011 and 2012 in California and Alabama alleging misrepresentations within the defendant underwriters' RMBS offering documents.

On August 19, 2015, the Federal Deposit Insurance Corp., acting as receiver for Guaranty Bank, filed suit against Bank of New York Mellon Corp. in New York federal court...

On August 21, 2015, Judge Alvin Thompson of the United States District Court for the District of Connecticut denied Royal Bank of Scotland Group PLC's ("RBS") motion for summary judgment...

On July 30, 2015, District Judge Denise Cote of the Southern District of New York denied GE Mortgage Holding LLC's motion for summary judgment in a repurchase action brought by the RMBS Trustee for the GE-WMC 2006-1 Trust.

On April 11, Goldman Sachs agreed to pay roughly $5.1 billion in a settlement with federal and state officials regarding the marketing and sale of RMBS during the years leading up to the financial crisis.

Without admitting any wrongdoing JPMorgan agreed to pay plaintiffs $388 million, subject to court approval.

On February 3, Judge Alison Nathan of the United States District Court for the Southern District of New York largely denied Deutsche Bank National Trust Co.'s motion to dismiss...

On August 18, 2015, the New York Appellate Division's First Department held that ACA Financial Guaranty Corp. adequately pled its fraud suit against Goldman Sachs Group Inc.

On October 2, 2015, Justice Saliann Scarpulla of the New York Supreme Court issued an Opinion and Order partially granting Bank of New York Mellon's Motion to Dismiss an RMBS action brought by Commerce Bank and other RMBS investors.

On July 10, 2015, Judge Alvin Hellerstein of the Southern District of New York granted defendant WMC Mortgage LLC's motion for judgment on the pleadings in an action brought by the Federal Housing Financial Agency...

On August 21, 2015, a three-judge panel of the United States Court of Appeals for the Seventh Circuit reversed a Wisconsin federal judge's ruling granting summary judgment to RBS Securities Inc...

On January 20, trial commenced before Justice Marcy Friedman in New York County Supreme Court to determine whether Deutsche Bank, U.S. Bank, and the other trustees of 330 RMBS trusts...

On May 10, 2016, the Department of the Treasury issued a white paper on online marketplace lending that maps the current market landscape, reviews industry insights and offers policy proposals for the road ahead.

The U.S. Department of the Treasury issued proposed regulations that provide guidance on the transition from LIBOR.

Following our post on the district court's extraterritoriality decision, the bankruptcy court dismissed the actions against several defendants on the grounds that the presumption against extraterritoriality ...

Bob Loeb, a partner in Orrick's Supreme Court & Appellate group and a former appellate counsel at the U.S. Department of Justice, where he handled numerous national security related cases, recently participated in an episode of The Lawfare Podcast

In the wake of high-profile cyberattacks, boards of directors are increasingly being scrutinized by regulators, shareholders, and the public over their oversight of cybersecurity risk.

With the most significant of cyberattacks resulting in millions of dollars in costs, irreparable damage to a company's brand, and key executives getting fired, organizations must begin to prepare...

Grady Bolding, a partner in Orrick's Tax team in San Francisco, recently co-authored an article with Orrick alum Richard Harrochs, now a Managing Director and Global Head of M&A...