Legal Opinion
ORIX Real Estate Capital Markets, LLC v. Superior Bank, FSB
District Court, N.D. Illinois
Decided December 22, 2000No. 00 C 4841PublishedCited by 4 opinions
1Opinion of the Court
MEMORANDUM OPINION AND ORDER
BUCKLO, District Judge.
Starting in 1994, ORIX Real Estate Capital Markets (“ORIX”) invested in some subordinated securities based in pooled residential mortgage loans offered by Superior Bank (“Superior”). There were contracts or Pooling Service Agreements (“PSA”) governing the purchase. ORIX alleges that, when 46 of the loans were liquidated as of the filing of the complaint, the mortgage pools securing these investments declined in value, and were shown on analysis to have included many poor quality loans. ORIX also alleges that Superior lied about the quality…
2Cases cited24 opinions
- Clark-Fitzpatrick, Inc. v. Long Island Rail RoadNew York Court of Appeals · 1987
- Bank Leumi Le-Israel, B.M., a Foreign Corporation v. Dennis Lee, an IndividualCourt of Appeals for the Seventh Circuit · 1991
- Sommer v. Federal Signal Corp.New York Court of Appeals · 1992
- Jennifer Venters v. City of Delphi and Larry IvesCourt of Appeals for the Seventh Circuit · 1997
- The Lexington Insurance Company v. Rugg & Knopp, Inc., and the Salt Lake City CorporationCourt of Appeals for the Seventh Circuit · 1999
19 more not listed; retrieve them via the Exa API.
3Cited by4 opinions
- Ellington Credit Fund, Ltd. v. Select Portfolio Servicing, Inc.District Court, S.D. New York · 2011
- Ace Securities Corp. Home Equity Loan Trust v. DB Structured Products, Inc.District Court, S.D. New York · 2014
- Deutsche Alt-A Securities Mortgage Loan Trust, Series 2006-OA1 ex rel. HSBC Bank, USA, National Association v. DB Structured Products, Inc.District Court, S.D. New York · 2013
- CitiMortgage, Inc. v. Equity Bank, N.A.District Court, E.D. Missouri · 2017