NATIONAL CREDIT UNION ADMINISTRATION BOARD v. RBS SECURITIES INC.

Case No. 11-2340-JWL.

NATIONAL CREDIT UNION ADMINISTRATION BOARD, Plaintiff, v. RBS SECURITIES INC., et al., Defendants.

United States District Court, D. Kansas.

July 12, 2016.


Attorney(s) appearing for the Case

National Credit Union Administration Board, Plaintiff, represented by Andrew Chun-Yang Shen , Kellogg, Huber, Hansen, Todd, Evans & Figel, PLLC, pro hac vice, David C. Frederick , Kellogg, Huber, Hansen, Todd, Evans & Figel, PLLC, George A. Zelcs , Korein Tillery, LLC, pro hac vice, Greg G. Gutzler , Elias Gutzler Spicer, LLC, Gregory G. Rapawy , Kellogg, Huber, Hansen, Todd, Evans & Figel, PLLC, pro hac vice, John C. Craig , Korein Tillery, LLC, pro hac vice, Joseph S. Hall , Kellogg, Huber, Hansen, Todd, Evans & Figel, PLLC, pro hac vice, Mark C. Hansen , Kellogg, Huber, Hansen, Todd, Evans & Figel, PLLC, pro hac vice, Michael E. Klenov , Korein Tillery, LLC, pro hac vice, Noah Smith-Drelich , Korein Tillery, LLC, pro hac vice, Norman E. Siegel , Stueve Siegel Hanson LLP, Rachel E. Schwartz , Stueve Siegel Hanson LLP, Randall P. Ewing, Jr. , Korein Tillery, LLC, pro hac vice, Scott K. Attaway , Kellogg, Huber, Hansen, Todd, Evans & Figel, PLLC, pro hac vice, Stephen M. Tillery , Korein Tillery, LLC, Steven M. Berezney , Korein Tillery, LLC, Tamara M. Spicer , Elias Gutzler Spicer, LLC & Wan Joo Kim , Kellogg, Huber, Hansen, Todd, Evans & Figel, PLLC, pro hac vice.

RBS Securities, Inc., Defendant, represented by Alexandra Samowitz , Kirkland & Ellis, pro hac vice, Colin Joseph Michel , Kirkland & Ellis, pro hac vice, David I. Horowitz , Kirkland & Ellis, pro hac vice, Derek M. Milosavljevic , Kirkland & Ellis, pro hac vice, Gavin C. P. Campbell , Kirkland & Ellis, pro hac vice, Heather Fay Canner , Kirkland & Ellis, pro hac vice, Jason Y. Kelly , Kirkland & Ellis, pro hac vice, Jay L. Bhimani , Kirkland & Ellis, pro hac vice, Jeffery A. Jordan , Foulston Siefkin LLP, Kristin E. Rose , Kirkland & Ellis, pro hac vice, Mikel L. Stout , Foulston Siefkin LLP, Robert Alexander Pilmer , Kirkland & Ellis, Shannon M. Coit , Kirkland & Ellis, pro hac vice, Sierra Elizabeth , Kirkland & Ellis, pro hac vice, Tammy A. Tsoumas , Kirkland & Ellis, pro hac vice & Timothy B. Mustaine , Foulston Siefkin LLP.

Financial Asset Securities Corp., Defendant, represented by Alexandra Samowitz , Kirkland & Ellis, pro hac vice, Colin Joseph Michel , Kirkland & Ellis, pro hac vice, Derek M. Milosavljevic , Kirkland & Ellis, pro hac vice, Gavin C. P. Campbell , Kirkland & Ellis, pro hac vice, Heather Fay Canner , Kirkland & Ellis, pro hac vice, Jason Y. Kelly , Kirkland & Ellis, pro hac vice, Jay L. Bhimani , Kirkland & Ellis, pro hac vice, Jeffery A. Jordan , Foulston Siefkin LLP, Kristin E. Rose , Kirkland & Ellis, pro hac vice, Mikel L. Stout , Foulston Siefkin LLP, Shannon M. Coit , Kirkland & Ellis, pro hac vice, Sierra Elizabeth , Kirkland & Ellis, pro hac vice & Timothy B. Mustaine , Foulston Siefkin LLP.

Novastar Mortgage Funding Corp., Defendant, represented by Christina M. Pyle , Husch Blackwell LLP, Jacob D. Albertson , Orrick, Herrington & Sutcliffe LLP, pro hac vice, James Grohsgal , Orrick, Herrington & Sutcliffe LLP, pro hac vice, Martin M. Loring , Husch Blackwell LLP, Steven J. Fink , Orrick, Herrington & Sutcliffe LLP, pro hac vice & William F. Alderman , Orrick, Herrington & Sutcliffe LLP, pro hac vice.

Nomura Home Equity Loan, Inc., Defendant, represented by Barbara S. Steiner , Jenner & Block LLC, pro hac vice, Casey T. Grabenstein , Jenner & Block LLC, pro hac vice, Christina M. Pyle , Husch Blackwell LLP, Emily K. McWilliams , Jenner & Block LLC, pro hac vice, Jonathan A. Zajac , Jenner & Block LLC, pro hac vice, Martin M. Loring , Husch Blackwell LLP, Matthew S. Hellman , Jenner & Block LLC, pro hac vice & Matthew J. Thomas , Jenner & Block LLC, pro hac vice.

RBS Acceptance, Inc., Defendant, represented by Alexandra Samowitz , Kirkland & Ellis, pro hac vice, Colin Joseph Michel , Kirkland & Ellis, pro hac vice, Derek M. Milosavljevic , Kirkland & Ellis, pro hac vice, Gavin C. P. Campbell , Kirkland & Ellis, pro hac vice, Heather Fay Canner , Kirkland & Ellis, pro hac vice, Jason Y. Kelly , Kirkland & Ellis, pro hac vice, Jay L. Bhimani , Kirkland & Ellis, pro hac vice, Jeffery A. Jordan , Foulston Siefkin LLP, Mikel L. Stout , Foulston Siefkin LLP, Shannon M. Coit , Kirkland & Ellis, pro hac vice, Sierra Elizabeth , Kirkland & Ellis, pro hac vice & Timothy B. Mustaine , Foulston Siefkin LLP.

Wachovia Capital Markets, LLC, Consol Defendant, represented by Achyut J. Phadke , Munger, Tolles & Olson, LLP, pro hac vice, David H. Fry , Munger, Tolles & Olson, LLP, pro hac vice, Erin J. Cox , Munger, Tolles & Olson, LLP, pro hac vice, Karen A. Lorang , Munger, Tolles & Olson, LLP, pro hac vice, Kenneth M. Trujillo-Jamison , Munger, Tolles & Olson, LLP, pro hac vice, Logan M. Rutherford , Bryan Cave LLP & William Perry Brandt , Bryan Cave LLP.

SunTrust Mortgage, Inc., Movant, Pro se.

SunTrust Mortgage, Inc., Movant, Pro Se.

Saxon Funding Management, Inc., Movant, represented by Jennifer B. Wieland , Berkowitz Oliver Williams Shaw & Eisenbrandt, LLPMO, John W. Shaw , Berkowitz Oliver Williams Shaw & Eisenbrandt, LLPMO & Thomas P. Schult , Berkowitz Oliver Williams Shaw & Eisenbrandt, LLPMO.

Barclays' Capital Inc., Intervenor, represented by Michael J. Abrams , Lathrop & Gage, LLP.

Securitized Asset Backed Receivables LLC, Intervenor, represented by Michael J. Abrams , Lathrop & Gage, LLP.

Morgan Stanley & Co., Inc, Intervenor, represented by John W. Shaw , Berkowitz Oliver Williams Shaw & Eisenbrandt, LLPMO.

Morgan Stanley ABS Capital I Inc., Intervenor, represented by John W. Shaw , Berkowitz Oliver Williams Shaw & Eisenbrandt, LLPMO.

Morgan Stanley Capital I Inc., Intervenor, represented by John W. Shaw , Berkowitz Oliver Williams Shaw & Eisenbrandt, LLPMO.

Saxon Asset Securities Company, Intervenor, represented by John W. Shaw , Berkowitz Oliver Williams Shaw & Eisenbrandt, LLPMO.

Goldman Sachs & Co., Intervenor, represented by Russell S. Jones, Jr. , Polsinelli PC.

GS Mortgage Securities Corp, Intervenor, represented by Russell S. Jones, Jr. , Polsinelli PC.


MEMORANDUM AND ORDER

This matter comes before the Court on various motions for summary judgment: the motions by defendants RBS Securities Inc., RBS Acceptance Inc., and Financial Assets Securities Corp. (collectively "RBS") concerning the so-called NGN transactions (Doc. # 915)...

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