Royal Park Investments SA/NV v. Deutsche Bank National Trust Company

  1. June 10, 2019

    Royal Park, Deutsche Bank Bring RMBS Trustee Suit To End

    Royal Park Investments has agreed to end another one of its cases accusing a major bank of dropping the ball as trustee for pre-crisis residential mortgage-backed securities, this time ending claims that it originally brought on behalf of investors in 10 securitization trusts overseen by a Deutsche Bank AG unit.

  2. November 01, 2018

    Deutsche Bank Unit Backs Sampling Ruling In RMBS Suit

    A Deutsche Bank unit urged a New York federal court Wednesday to affirm a magistrate judge's rejection of loan sampling-related discovery in a lawsuit accusing it of having breached its duties as a residential mortgage-backed securities trustee, arguing the ruling is consistent with decisions reached by a half-dozen other judges in similar cases.

  3. October 16, 2018

    Royal Park Pushes For Sampling In Deutsche Bank RMBS Suit

    Royal Park Investments SA/NV has taken aim at a New York federal magistrate judge's recent decision denying its request to allow loan sampling-related discovery in its suit over Deutsche Bank National Trust Co.'s alleged blunders as trustee for 10 residential mortgage-backed securities trusts, arguing that this rejection should itself be rejected.

  4. May 16, 2018

    Royal Park Faces $1K/Day Sanction In RMBS Discovery Row

    Royal Park Investments SA/NV will face sanctions of $1,000 a day beginning next week if certain material needed to comply with a discovery order in its residential mortgage-backed securities suit against Deutsche Bank National Trust Co. isn't produced, a New York federal magistrate judge said Tuesday.

  5. March 30, 2018

    Royal Park Denied Class Cert. In Deutsche Bank RMBS Suit

    A New York federal judge on Thursday denied Royal Park Investments' reworked bid for class certification in its suit accusing Deutsche Bank National Trust Co. of dropping the ball as trustee to 10 residential mortgage-backed securitization trusts, saying some of the same problems identified on the last go-round remain.

  6. July 13, 2017

    2nd Circ. Petrobras Ruling No Help To MBS Class, Banks Say

    U.S. Bank and Deutsche Bank told a New York federal court Wednesday that the Second Circuit's recent decision in Petrobras investor litigation does not support Royal Park's attempt at certifying proposed class actions over allegedly toxic mortgage-backed securities.

  7. July 11, 2017

    Royal Park Says 2nd Circ. Petrobras Ruling Backs Class Cert.

    Royal Park filed a flurry of letters in New York federal court Monday, saying the Second Circuit's recent decision in Petrobras investor litigation renders "baseless" three big banks' objections to certifying Royal Park's proposed class actions alleging the banks failed to protect investors from toxic mortgage-backed securities.

  8. March 21, 2017

    Royal Park Loses Cert. Bid In $3.1B Deutsche Bank RMBS Suit

    Royal Park Investments SA/NV lost its bid for class certification in a suit against Deutsche Bank National Trust Co. over $3.1 billion in residential mortgage-backed securities losses on Tuesday when a New York federal judge told the investors they needed to better define their proposed class.

  9. February 03, 2016

    Royal Park's $3.1B Deutsche Bank RMBS Suit Mostly Survives

    A New York federal judge on Wednesday mostly denied Deutsche Bank National Trust Co.'s bid to escape Royal Park Investments SA/NV's proposed class action over $3.1 billion in losses in residential mortgage-backed securities overseen by the bank, but tossed derivative claims.

  10. June 20, 2014

    Royal Park Targets Deutsche Bank Over $3.1B RMBS Loss

    Royal Park Investments SA/NV hit Deutsche Bank National Trust Co. with a putative class action Wednesday amid a flurry of suits by investors including BlackRock Inc. against bond trustees tasked with overseeing residential mortgage-backed securities, alleging the bank failed to mitigate $3.1 billion in bond losses.