Nomura and RBS await judge ruling on FHFA mortgage lawsuit

U.S. top court rejects Nomura and RBS appeal in mortgage-backed securities case. The lawsuit was one of 18 brought by the FHFA that year over some. Following a non-jury trial, U.S. District Judge Denise Cote ruled in.

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A federal judge in Connecticut has denied a bid by the Royal Bank of Scotland (RBS) to dismiss a lawsuit filed by the FHFA accusing. a defendant. Nomura was found liable for deceiving the GSEs in.

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directors of multiple Nomura defendants. Co-defendant RBS Securities Inc. ("RBS"), known at the time of the transactions as Greenwich Capital Markets, Inc., underwrote four of the seven securitizations ("Securitizations") at issue here. FHFA alleges that defendants are liable under Sections

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A U.S. appeals court appeared unlikely on Friday to overturn an order requiring nomura holdings Inc (8604.T) and Royal Bank of Scotland Group Plc (RBS. ruling that followed a non-jury trial in.

Lawyers for both banks urged the 2nd U.S. Circuit Court of Appeals in New York to reverse a 2015 ruling that followed a non-jury trial in lawsuit by the Federal Housing Finance Agency (FHFA) over.

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As per Reuters, a joint petition was filed with the 2nd U.S. Circuit Court of Appeals in New York by 15 leading banks, which were dragged to court by the Federal Housing Finance Agency (:FHFA) over.

A U.S. appeals court appeared unlikely on Friday to overturn an order requiring Nomura Holdings Inc and Royal Bank of Scotland Group Plc (RBS.L) to pay $839 million for making false statements.

Nomura, RBS and the FHFA declined comment before trial. The banks’ decision. Judge Denise Cote. RBS, which paid $99.5 million to resolve claims in one of the lawsuits, faces a separate case in.

A federal court of appeals handed Nomura Holdings and The Royal. $839 million settlement over the sale of mortgage-backed securities. According to a Reuters report, the Court of Appeals for the 2nd Circuit ruled unanimously to reject. to come to trial of the 18 lawsuits filed by the FHFA back in 2011.

Following a non-jury trial, U.S. District Judge Denise Cote, who presided over most of the cases, ruled against Nomura, which sponsored $2 billion of securities sold to Fannie and Freddie, and RBS, which underwrote four of the deals. The judge ruled that the offering documents did not correctly describe the mortgage loans. She awarded $806 million.