August 20, 2014
Barclays Capital Inc. has agreed to pay $23 million to resolve a suit brought by the trustee for defunct Thornburg Mortgage Inc. over a $2.7 billion mortgage-backed securities liquidation that allegedly undervalued Thornburg's assets and contributed to its collapse, according to court documents filed on Wednesday in Maryland bankruptcy court.
August 01, 2014
A Maryland federal judge on Friday refused to free Barclays Capital Inc. from a $94 million suit brought by the trustee for defunct Thornburg Mortgage Inc. over a $2.7 billion mortgage-backed securities liquidation that allegedly undervalued Thornburg's assets and contributed to the real estate trust's crisis-era collapse.
July 22, 2013
Liberty Mutual Insurance Co. on Friday agreed to a settlement of at least $2.1 million with the trustee for bankrupt mortgage lender TMST Inc. in Maryland bankruptcy court, mostly ending a dispute over a mortgage surety bond indemnity agreement.
February 25, 2013
The U.S. trustee for bankrupt Thornburg Mortgages Inc. blasted the company's Chapter 11 trustee Friday for trying to seal details of a settlement in a breach of contract suit against Countrywide Home Loans Inc. and Bank of America Corp. over loans underlying mortgage-backed securities.
July 27, 2012
The trustee for bankrupt mortgage lender TMST Inc. agreed Friday to pay $72 million to Credit Suisse Securities LLC and several other financial institutions to settle proceedings alleging they have liens on the proceeds from certain mortgage servicing rights under a series of repurchase and swap agreements.
July 23, 2012
A Maryland federal judge rejected a Monday bid by Credit Suisse International, UBS AG and others to move from bankruptcy court an adversary suit the trustee for real estate investment trust TMST Inc. filed to recover $2 billion in allegedly improper coercive agreements he claimed unraveled the lender.
February 13, 2012
The Chapter 11 trustee for TMST Inc. minted a $6.5 million settlement Monday resolving a lawsuit that alleged the bankrupt real estate investment trust's former brass and their counsel Orrick Herrington & Sutcliffe LLP conspired to loot the company on the eve of bankruptcy.
February 03, 2012
Bankrupt mortgage lender TMST Inc. on Friday asked a Maryland bankruptcy court to approve a settlement under which it agreed to a U.S. Securities and Exchange Commission order revoking its registered securities after three years of failing to file required financial reports.
September 21, 2011
Units of Citigroup Inc., JPMorgan Chase & Co. and other banks asked a Maryland bankruptcy judge Tuesday to dismiss a $2.1 billion adversary suit accusing the financial giants of making unfair margin calls and other agreements that brought Thornburg Mortgage Inc. to its knees.
September 12, 2011
A Maryland federal judge ruled Wednesday that the trustee for bankrupt Thornburg Mortgage Inc. can continue with a $94 million suit against Barclays Capital Inc. for allegedly making unfair margin calls that undervalued mortgage-backed securities and selling assets that helped drive the mortgage lender into bankruptcy.