Legal Opinion
Long Beach Sec. Corp. v. Nat'l Credit Union Admin. Bd.
Court of Appeals for the D.C. Circuit
Decided May 7, 2018No. Case No. 1:17–cv–01333 (TNM)PublishedCited by 2 opinions
1Opinion of the Court
TREVOR N. MCFADDEN, United States District Judge
This case represents one piece of the litigation resulting from the 2008 financial *132crisis. The Plaintiff, Long Beach Securities Corporation, previously settled a suit with the National Credit Union Administration Board over certain residential mortgage-backed securities. Long Beach now argues that the settlement agreement requires the Board to relieve Long Beach of its liability for a third-party indemnity claim based on those same securities, or, alternatively, that unjust enrichment principles require the same result. I conclude that one of…
2Cases cited25 opinions
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- Banneker Ventures, LLC v. Jim GrahamCourt of Appeals for the D.C. Circuit · 2015
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3Cited by2 opinions
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