FEDERAL HOUSING FINANCE AGENCY v. JPMORGAN CHASE

No. 11 Civ. 6188 (DLC).

902 F.Supp.2d 476 (2012)

FEDERAL HOUSING FINANCE AGENCY, etc., Plaintiff, v. JPMORGAN CHASE & CO., et al., Defendants.

United States District Court, S.D. New York.

November 5, 2012.


Attorney(s) appearing for the Case

Philippe Z. Selendy , Kathleen M. Sullivan , Manisha M. Sheth , William B. Adams , Quinn Emanuel Urquhart & Sullivan, LLP, 51 New York, NY, for Plaintiff Federal Housing Finance Agency.

Penny Shane , Sharon L. Nelles , Jonathan M. Sedlak , Yavar Bathaee , Sullivan & Cromwell LLP, New York, NY, for Defendants JPMorgan Chase & Co., JPMorgan Chase Bank, N.A., J.P. Morgan Mortgage Acquisition Corporation, J.P. Morgan Securities LLC, J.P. Morgan Acceptance Corporation I, EMC Mortgage LLC, Bear Stearns & Co., Inc., Structured Asset Mortgage Investments II Inc., Bear Stearns Asset Backed Securities I LLC, WaMu Asset Acceptance Corporation, WaMu Capital Corporation, Washington Mutual Mortgage Securities Corporation, Long Beach Securities Corporation, David M. Duzyk, Louis Schioppo, Jr., Christine E. Cole, Edwin F. McMichael, William A. King, Brian Bernard, Joseph T. Jurkowski, Jr., Kim Lutthans, Katherine Garniewski, Richard Careaga, David Beck, Diane Novak, Rolland Jurgens, Thomas G. Lehmann, Stephen Fortunato, Donald Wilhelm, Marc K. Malone, Michael L. Parker, David H. Zielke, Thomas W. Casey, John F. Robinson, D. Keith Johnson, Suzanne Krahling, Larry Breitbarth, Art Den Heyer and Stephen Lobo.

Richard W. Clary , Michael T. Reynolds , Cravath, Swaine & Moore LLP, New York, NY, for Defendant Credit Suisse Securities (USA) LLC.

Thomas C. Rice , David J. Woll , Alan Turner , Simpson Thacher & Bartlett LLP, New York, NY, for Defendant RBS Securities Inc.

Richard H. Klapper , Theodore Edelman , Michael T. Tomaino, Jr. , Jordan T. Razza , Sullivan & Cromwell LLP, New York, NY, for Defendant Goldman, Sachs & Co.

Brad S. Karp , Susanna M. Buergel , Paul, Weiss, Rifkind, Wharton & Garrison LLP, New York, NY, for Defendant Citigroup Global Markets Inc.

Dani R. James , Jade A. Burns , Kramer Levin Naftalis & Frankel LLP, New York, NY, for Defendant Jeffrey L. Verschleiser.

Sandra Hauser , Patrick E. Fitzmaurice , SNR Denton, New York, NY, for Defendant Matthew Perkins.

Richard A. Edlin , Ronald D. Lefton , Candace Camarata , Greenberg Traurig, LLP, New York, NY, for Defendant Jeffrey Mayer.

Joel C. Haims , LaShann M. DeArcy , Morrison & Foerster LLP, New York, NY, for Defendants Tom Marano and Michael Nierenberg.

Pamela Rogers Chepiga , Josephine A. Cheatham , Allen & Overy LLP, New York, NY, for Defendant Samuel L. Molinaro, Jr.


OPINION & ORDER

DENISE COTE, District Judge:

This is one of sixteen actions currently before this Court in which the Federal Housing Finance Agency ("FHFA" or "the Agency"), as conservator for Fannie Mae and Freddie Mac (together, the "Government Sponsored Enterprises" or "GSEs"), alleges misconduct on the part of the nation's largest financial institutions in connection with the offer and sale of mortgage-backed securities purchased by the GSEs...

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