FHFA Trial Against Nomura, RBS Begins Monday Before Judge Cote

By Charles Michael on March 13, 2015

The Federal Housing Finance Agency (or “FHFA,” as conservator for Fannie Mae and Freddie Mac) sued 18 banks in 2011 for misrepresenting the quality of mortgage bonds. All but Nomura and RBS have settled, for a total of around $18 billion. The trial against Nomura and RBS begins Monday before Judge Cote. It will be a bench trial. Coverage of the upcoming trial can be found from Reuters, American Lawyer ($), and Bloomberg. The defendants’ 115-page pretrial memorandum is here. There is not a pretrial memorandum from the FHFA available online. Our prior coverage of the FHFA cases is here

Charles MichaelPartner

Charles Michael is an accomplished commercial litigator who resolutely defends clients in high stakes disputes and arbitrations. He is also experienced in regulatory and criminal…

Charles Michael is an accomplished commercial litigator who resolutely defends clients in high stakes disputes and arbitrations. He is also experienced in regulatory and criminal investigations, and represents clients under investigation by the Securities and Exchange Commission (SEC), the Financial Industry Regulatory Authority (FINRA), the Commodity Futures Trading Commission (CFTC), and the Department of Justice (DOJ).

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Julie LascanoAssociate

Julie Wilson Lascano maintains a broad-based commercial litigation practice, representing public and private companies in all stages of litigation before state and federal courts. Her…

Julie Wilson Lascano maintains a broad-based commercial litigation practice, representing public and private companies in all stages of litigation before state and federal courts. Her varied experience includes antitrust, IP, employment, product liability, and civil class action matters, as well as internal investigations and post-investigation compliance. Julie has represented clients across a broad array of industries, including in the financial services, logistics and energy sectors.

Active in her pro bono practice, Julie has represented clients in domestic violence, criminal justice, LGBTQ+, and housing matters, including a successful claim against a landlord that resulted in significant housing repairs for her client. During law school, she also participated in Texas Law’s Environmental Clinic.

Meghan NewcomerOf Counsel

Meghan Newcomer focuses her practice on white-collar criminal defense, securities litigation, complex civil litigation, and government and internal investigations. Meghan has substantial experience defending individuals…

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FHFA Trial Against Nomura, RBS Begins Monday Before Judge Cote

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