On March 20, the National Credit Union Administration Board, acting as liquidating agent for five failed credit unions, filed suit against HSBC USA in the Eastern District Court of Virginia.

On December 22, National Credit Union Administration sued Wells Fargo, as an RMBS trustee, in the United States District Court for the Southern District of New York.

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 November 25, the United States Court of Appeals for the Second Circuit upheld the dismissal of IKB Deutsche Industriebank AG’s suit against Bank of America.

On December 23, the United States Court of Appeals for the Second Circuit dismissed claims against Bank of New York Mellon, as trustee, by four pension funds in a putative class action relating to 530 Countrywide RMBS trusts worth $424 billion.

On April 22, 2015, the Second Circuit vacated and remanded a district court’s decision dismissing on statute of limitations grounds claims Woori Bank brought against Citigroup Global Markets...

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 April 8, 2015 Andrew Davidson & Co, held a roundtable discussion in Washington D.C., "Simplifying GSE Reform – A Roundtable Discussion".

Justice Marcy Friedman of the Supreme Court for the State of New York partially dismissed U.S. Bank’s suit against sponsor Morgan Stanley Mortgage Capital.

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...

The Connecticut Supreme Court on Monday affirmed the lower courts' decisions in Recall Total Information Management, Inc. v. Federal Ins. Co., a case on which we have previously commented.

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...