TMST, Inc.

  1. August 20, 2014

    Barclays Capital And Thornburg Trustee Settle For $23M

    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.

  2. August 01, 2014

    Barclays Can't Duck $94M Thornburg Trustee Suit

    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.

  3. July 22, 2013

    Liberty Mutual Pays $2.1M To Settle Surety Bond Row

    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.

  4. February 25, 2013

    Thornburg, BofA Settlement Should Be Public: US Trustee

    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.

  5. July 27, 2012

    TMST Trustee Pays Banks $72M To Settle Collateral Rights Suit

    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.

  6. July 23, 2012

    TMST Trustee's $2B Suit Belongs In Bankruptcy Court: Judge

    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.

  7. February 13, 2012

    TMST Ch. 11 Trustee Inks $6.5M Deal With Ex-Execs

    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.

  8. February 03, 2012

    TMST Shares To Be Deregistered Over Missing SEC Reports

    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.

  9. September 21, 2011

    Citi Unit, Others Want $2B Thornburg Trustee Suit Axed

    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.

  10. September 12, 2011

    Thornburg's $94M Barclays Suit Gets Green Light

    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.