Legal Opinion
Federal Deposit Insurance v. Countrywide Financial Corp.
District Court, C.D. California
Decided December 9, 2014No. MDL No. 11-ML-2265-MRP (MANx); Case No. 11-CV-10400-MRP (MANx)PublishedCited by 2 opinions
1Opinion of the Court
ORDER DENYING DEFENDANT’S MOTION FOR SUMMARY JUDGMENT
MARIANA R. PFAELZER, District Judge.
I- INTRODUCTION
Defendant UBS Securities LLC (“UBS”) underwrote residential mortgage-*1038backed securities (“RMBS”) that United Western Bank (“the Bank”) purchased.1 The Bank subsequently failed and the Federal Deposit Insurance Corporation (“FDIC”) was appointed as receiver. The FDIC filed suit against Defendant on August 23, 2010. The FDIC has alleged that the “Offering Documents” used to create and market certain RMBS purchased by the Bank contained material misstatements about Loan-to-Value (“LTV”) ratios,…
2Cases cited20 opinions
- Celotex Corp. v. Catrett, Administratrix of the Estate of CatrettSupreme Court of the United States · 1986
- Matsushita Electric Industrial Co., Ltd. v. Zenith Radio CorporationSupreme Court of the United States · 1986
- Bruesewitz v. Wyeth LLCSupreme Court of the United States · 2011
- Randall v. LoftsgaardenSupreme Court of the United States · 1986
- Rosenthal v. Dean Witter Reynolds, Inc.Supreme Court of Colorado · 1995
15 more not listed; retrieve them via the Exa API.
3Cited by2 opinions
- Kubbernus v. ECAL Partners, Ltd.Court of Appeals of Texas · 2018
- United Western Bank v. Banc of America Funding CorporationDistrict Court, D. Colorado · 2020