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5th Circuit Upholds Dismissal Of Suit Challenging Citibank Loan Acquisition
NEW ORLEANS - The Fifth Circuit U.S. Court of Appeals on Feb. 22 affirmed a summary judgment ruling in favor of Citibank N.A. in a suit in which borrowers contended that Citibank is not the holder of...
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Federal Judge Allows Suit Against Bank Executives To Proceed
CHARLESTON, S.C. - A federal judge in South Carolina on March 14 denied dismissal of a failed bank's Chapter 7 trustee's suit alleging that the bank's directors and officers negligently allowed the...
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Federal Judge Denies Failed Bank's Attempt To Stop Receivership
WASHINGTON, D.C. - A federal judge in the District of Columbia on March 5 denied the failed United Western Bank's request to remove the Federal Deposit Insurance Corp. as its receiver because the bank...
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Federal Judge: FDIC Suit Against Puerto Rico Bank's Executives Can Continue
SAN JUAN, Puerto Rico - A federal judge in Puerto Rico on March 7 refused to dismiss the Federal Deposit Insurance Corp.'s suit alleging that 19 former directors and officers of R-G Premier Bank were...
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Federal Judge Allows Third-Party Claims In Failed Bank Suit
CHICAGO - In a suit filed by the Federal Deposit Insurance Corp. as the receiver for a failed bank, a federal judge in Illinois on March 1 denied dismissal of a third-party complaint filed by the law...
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Federal Judge Lets Investor's Suit Against Failed Bank Continue
SPOKANE, Wash. - A federal judge in Washington on March 4 denied the motion for summary judgment filed by the former loan officer of a failed bank, finding that there are genuine issues of material...
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Federal Judge Finds Guaranty Signers Liable For Borrower's Default
LAS VEGAS - A federal judge in Nevada on March 19 granted partial summary judgment to an entity that alleged breach of guaranty agreements after it acquired a loan from a failed bank but denied...
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Federal Judge Partially Dismisses FDIC Action Against Escrow Agent
CHICAGO - A federal judge in Illinois on March 4 dismissed two counts from a suit the Federal Deposit Insurance Corp. filed as the receiver for a failed bank alleging that an escrow agent breached its...
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Federal Judge Denies Judgment In FDIC's Suit Against Appraiser
OAKLAND, Calif. - A federal judge in California on March 7 denied cross-motions for summary judgment in a suit in which the Federal Deposit Insurance Corp. as the receiver for the failed IndyMac Bank...
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Federal Magistrate Judge Rules In Favor Of Loan Officer In Discovery Dispute
DETROIT - A federal magistrate judge in Michigan on March 14 denied the Federal Deposit Insurance Corp.'s motion for a protective order prohibiting the discovery of 12 loan files in a suit the FDIC, as...
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Federal Judge Says Nonwritten Agreements No Basis For Suit Against FDIC
JACKSON, Miss. - A federal judge in Mississippi on March 18 dismissed a property investment firm's suit against the Federal Deposit Insurance Corp., as the receiver for a failed bank, finding that the...
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Panel: Investor Failed To Plead Misrepresentation In Securities Lawsuit
NEW YORK - A federal judge in New York properly dismissed a shareholder's complaint against Merrill Lynch, Pierce, Fenner & Smith Inc. and others because the shareholder failed to plead a material...
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District Court Properly Dismissed Student Loan Suit, 11th Circuit Rules
ATLANTA - A district court properly dismissed claims alleging that the U.S. Department of Education and others violated a student loan borrower's due process in its attempts to collect on the loan, the...
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6th Circuit Affirms Rulings Against Student Loan Debtor
CINCINNATI - The Sixth Circuit U.S. Court of Appeals on March 12 affirmed a district court's judgment affirming a bankruptcy court's order granting summary judgment in favor of Educational Credit...
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9th Circuit: Immigrant's Stafford Loan Application Properly Rejected
PASADENA, Calif. - The Ninth Circuit U.S. Court of Appeals on March 14 upheld a district court's denial of an immigrant's mandamuspetition in which he sought to compel the U.S. Department of Education...
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Government Immune To Student Loan Claims, Federal Judge Finds
MINNEAPOLIS - A federal judge in Minnesota on Feb. 25 dismissed a suit alleging that the U.S. Department of Education (DOE) violated the Fair Credit Reporting Act (FCRA) by disseminating false...
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Federal Judge Awards Judgment To Government In Student-Loan Suit
SAN FRANCISCO - A federal judge in California on March 19 granted the U.S. government's motion for summary judgment in a student-loan collection case, finding that the debtor did not present evidence...
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6th Circuit Affirms Dismissal Of Ponzi Victims' Suit Against Banks
CINCINNATI - The Sixth Circuit U.S. Court of Appeals on March 13 affirmed the dismissal of a suit a large group of Ponzi scheme victims filed against several banks, finding that the victims' second...
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Federal Judge Denies Judgment To Receiver In Ponzi Recovery Action
LOS ANGELES - A federal judge in California on Feb. 26 denied a motion for summary judgment filed by the receiver in a Ponzi scheme suit who is seeking to recover funds from an investor who profited...
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Federal Judge Denies Ponzi Investors' Setoff Request
TAMPA, Fla. - A federal judge in Florida on March 7 denied the request by defrauded investors in a Ponzi scheme for a setoff of funds, agreeing instead with the receiver for hedge funds used to...
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