Challenge Made to Trustees' Approval of $4 Billion JPMorgan RMBS Settlement

A $4 billion-plus settlement to resolve JPMorgan Chase?s liability for more than 300 pools of home loans has raised objections from a number of entities, including the government-chartered agency that liquidated several credit unions and a residential mortgage-backed securities insurer on the hook to pay more than $500 million for the failed trusts.

 

Book Review--New York Contract Law: A Guide for Non-New York Attorneys

Out-of-state attorneys routinely steeped in contract negotiations, whose breaches or enforcement may ultimately bring them to either of the courthouses on Foley Square or to New York's International Arbitration Center, must attain an intimate knowledge of the fundamental and advanced principles of New York contract law. "New York Contract Law: A Guide for Non-New York Attorneys," by Glen Banks of Norton Rose Fulbright, addresses that need in exceptional fashion.

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Presented by Big Voodoo
Decisions
  • TOV Manufacturing, Inc., Plaintiff v. Jaco Import Corporation, Defendants – In breach of contract action to indemnify plaintiff for $3 million loss due to theft by secretary assigned by Citigroup, panel unanimously affirmed Bransten's granting of motion to dismiss holding that charged conduct was not in scope of employment (Justice Sweeny, J.P., DeGrasse, Manzanet-Daniels, Feinman, Gische, JJ.)
    December 18, 04:28 PM EST
  • William R. Salomon, Plaintiff-Appellant v. Citigroup Inc., Defendant-Respondent – In breach of contract action to indemnify plaintiff for $3 million loss due to theft by secretary assigned by Citigroup, panel unanimously affirmed Bransten's granting of motion to dismiss holding that charged conduct was not in scope of employment (Justice Sweeny, J.P., Renwick, DeGrasse, Clark, Kapnick, JJ.)
    December 18, 04:21 PM EST
  • Hyman Kramer., Plaintiff-Appellant v. Josef Geldwert, M.D., Defendant-Respondent – In dispute involving venture to finance and exploit an insole patent, panel unanimously dismissed the matter and affirmed Sherwood's denial of plaintiff's motion for discovery in aid of arbitration (Justice Gonzalez, P.J., Tom, Friedman, Acosta, Moskowitz, JJ.)
    December 18, 03:09 PM EST
  • Z. Justin Management v. Metro Outdoor – In this action involving an advertising sublease, Scarpulla permitted plaintiff to amended the amended complaint but then granted dismissal of the amended complaint as the lease terms failed to prohibit assignment (Justice Saliann Scarpulla)
    December 17, 02:30 PM EST
Case Motions
  • Hudson Yards v. David C. Segal – In $30 million malpractice action connected to foreclosure of property, defendant law firm moves to dismiss, arguing plaintiff fails to plead facts to support allegation that defendants' malpractice was the "but for" proximate cause of losses (Justice Jeffrey K. Oing)
    December 18, 04:18 PM EST
  • Bronfman E.L. Rothschild v. Steven R. Parish – In breach of contract action against former CEO, plaintiff moves, in connection with arbitration, for TRO and preliminary injunction preventing defendant from continuing to breach agreements (Justice Shirley Werner Kornreich)
    December 18, 04:14 PM EST
  • Hudson Bay IP Opportunities Master Fund v. Worlds – In action alleging breach of anti-dilution protection under exchange warrant for shares, defendants move to dismiss amended complaint, asserting plaintiff has not demonstrated justifiable reliance and alleged no pecuniary damages (Justice Lawrence K. Marks)
    December 18, 04:12 PM EST
  • Credit Suisse Loan Funding v. Highland Crusader Offshore Partners – In breach of contract action alleging defendant Highland's failure to timely settle five commercial loan trades, defendants move for a protective order barring the enforcement of, as well as an order quashing, subpoenas (Justice Melvin L. Schweitzer)
    December 18, 04:08 PM EST