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
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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