In re COUNTRYWIDE FINANCIAL CORPORATION MORTGAGE-BACKED SECURITIES LITIGATION.
Federal Deposit Insurance Corporation as Receiver for Security Savings Bank, Plaintiff,
v.
Banc of America Securities LLC, et al., Defendants.
Federal Deposit Insurance Corporation as Receiver for Security Savings Bank, Plaintiff,
v.
Countrywide Financial Corporation, et al., Defendants.
United States District Court, C.D. California.https://leagle.com/images/logo.png
March 21, 2013.
March 21, 2013.
Attorney(s) appearing for the Case
Brian Charles Devine, Brian E. Pastuszenski, Inez H. Friedman-Boyce, Goodwin Procter LLP, Boston, MA, David Martin Halbreich, Reed Smith LLP, Los Angeles, CA, for In re Countrywide Financial Corporation Mortgages-Backed Securities Litigation.
David J. Grais, Mark B. Holton, Mary G. Menge, Grais and Ellsworth LLP, New York, NY, Gabriel E. Drucker, Michael R. Matthias, Baker and Hostetler LLP, Los Angeles, CA, Joni A. Jamison, Robert R. McCoy, Morris Law Group, Las Vegas, NV, for Plaintiff.
Erin J. Cox, James C. Rutten, Marc S. T. Dworsky, Munger Tolles and Olson LLP, Los Angeles, CA, J. Christopher Jorgensen, Lewis and Roca LLP, Las Vegas, NV, Achyut Jayant Phadke, David H. Fry, Munger Tolles & Olson LLP, San Francisco, CA, Jeffrey T. Scott, Joshua J. Fritsch, Sullivan and Cromwell LLP, New York, NY, Nicholas J. Santoro, Oliver J. Pancheri, Santoro Whitmire, Las Vegas, NV, Daniel J. Schwartz, James P. Rouhandeh, Nicholas N. George, Dana M. Seshens, Jonathan Chang, Davis Polk and Wardwell LLP, New York, NY, Mark E. Ferrario, O'Reilly & Ferrario, Las Vegas, NV, Neal Alan Potischman, Samantha Harper Knox, Davis Polk and Wardwell LLP, Menlo Park, CA, Adam Slutsky, Brian E. Pastuszenski, Inez H. Friedman-Boyce, Goodwin Procter LLP, Boston, MA, Casey G. Perkins, Richard Gordon, Snell & Wilmer, LLP, Las Vegas, NV, Daniel P. Roeser, Goodwin Procter LLP, New York, NY, B. Andrew Bednark, Jonathan Rosenberg, William J. Sushon, O'Melveny & Myers LLP, New York, NY, Matthew W. Close, O'Melveny and Myers LLP, Los Angeles, CA, for Defendants.
United States District Court, C.D. California.
Order Re Motions to Dismiss the First Amended Complaints
MARIANA R. PFAELZER, District Judge.
I. Background
Security Savings Bank ("SSB,") a federally insured depository institution, failed on February 27, 2009. Plaintiff Federal Deposit Insurance Corporation ("FDIC") was appointed receiver for Security Savings Bank. The FDIC has the authority to pursue any claims held by SSB. 12 U.S.C. § 1821(d)(2)(A). The FDIC files these lawsuits...
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