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Corporate & Securities Law

: Wall Street Law Blog

Bear Stearns Old Subsidiary Loses Mortgage Securitization Case Brought by Bond Insurer

By Brett D. Sherman

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A brand new title - same post from this morning.

Insurer Sued EMC Mortgage Over Bad Loans In Mortgage Securitization

 

In an opinion dated March 25, 2008 The Hon. Paul A. Crotty, Federal District Court Judge for the Southern District of New York, issued an opinion granting bond insurer Syncora Guarantee partial summary judgment against former Bear Stearns (and current JPMorgan Chase) subsidiary EMC Mortgage.  Wall Street Law Blog will address the case in a subsequent post.  You can read the opinion now, however, via the link below.

 

http://westlawnews.thomson.com/uploadedFiles/Securities_Litigation/Legal_Materials/Opinions_Orders_and_Jury_Verdicts/2011/03_-_March/Syncora%20EMC%20JPMorgan%20Opinion.pdf


Full post as published by Wall Street Law Blog on March 29, 2011 (boomark / email).

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