Royal Park Investments SA/NV v. Wells Fargo Bank, N.A.

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Case Number:

1:14-cv-09764

Court:

New York Southern

Nature of Suit:

Securities/Commodities

Multi Party Litigation:

Class Action

Judge:

Katherine Polk Failla

Firms

Companies

Sectors & Industries:

  1. November 07, 2016

    Wells Fargo Fights Bid To Produce Databases In RMBS Suit

    A proposed class of investors who say Wells Fargo botched residential mortgage-backed securities investments shouldn't be allowed access to four bank databases, the bank said Friday, arguing that the information in the databases is irrelevant and duplicative of what has already been produced during the case.

  2. October 25, 2016

    Wells Fargo Says Investors Wrongfully Compare RMBS Suits

    A proposed class of investors accusing Wells Fargo of the costly mishandling of residential mortgage-backed securities investments wrongfully drew parallels between a similar California state action and their own in an attempt to kill the bank's attempt to nix their suit, the bank told a New York federal court judge on Monday.

  3. October 21, 2016

    Investors Say Calif. Suit Dooms Wells Fargo's Dismissal Bid

    A proposed class of investors suing Wells Fargo over the bank's alleged mishandling of its residential mortgage-backed securities investments informed a New York federal judge Thursday of a Wednesday order by a California state judge that rejected pleading challenges "identical" to those raised by Wells Fargo in the instant case.

  4. September 07, 2016

    Wells Fargo Fires Back In Bid To Beat RMBS Suits

    Wells Fargo Bank NA fired back at investors Tuesday in New York federal court in an attempt to dismiss a putative class action claiming more than $1 trillion in losses from Wells Fargo's alleged mishandling of its residential mortgage-backed securities investments, saying the bank didn't violate federal or state law.

  5. January 19, 2016

    Wells Fargo, Deutsche Escape Host Of MBS Claims

    A New York federal judge dismissed claims against Deutsche Bank and Wells Fargo on Tuesday with regard to the lion's share of more than $1 trillion of claimed losses in mortgage-backed-securities investments, declining to take up the heavily state-law-based suits but giving the plaintiffs one more shot.

  6. August 06, 2015

    RMBS Investors Say Wells Fargo, Deutsche Still On Hook

    Investors alleging Wells Fargo & Co. and Deutsche Bank AG failed to protect them from over $1 trillion in losses due to poorly underwritten residential mortgage-backed securities fought back Wednesday against the banks' contention that a recent decision in a similar case found a bank didn't have to provide breach of warranty notices.

  7. May 01, 2015

    Wells Fargo, Deutsche Bank Move To Nix RMBS Trustee Suits

    Wells Fargo & Co. and Deutsche Bank AG moved to toss five suits accusing the companies of failing to protect investors from over $1 trillion in losses due to poorly underwritten residential mortgage-backed securities, arguing on Friday that as trustees they had no duty to protect plaintiffs from their bad investment decisions.