F.D.I.C. v. BEAR STEARNS ASSET BACKED SECS. I, LLC

No. 12CV4000-LTS-MHD.

92 F.Supp.3d 206 (2015)

FEDERAL DEPOSIT INSURANCE CORP., as Receiver for Citizens National Bank and Receiver for Strategic Capital Bank, Plaintiff, v. BEAR STEARNS ASSET BACKED SECURITIES I LLC, et al., Defendants.

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

Signed March 24, 2015.


Attorney(s) appearing for the Case

Grais & Ellsworth LLP by Mark B. Holton, Esq. , David J. Grais, Esq. , Kathryn E. Matthews, Esq., New York, NY, for Plaintiff Federal Deposit Insurance Corporation, as Receiver for Citizens National Bank and as Receiver for Strategic Capital Bank.

Simpson Thacher & Bartlett LLP by Andrew T. Frankel, Esq. , Thomas C. Rice, Esq. , Abigail W. Williams, Esq. , New York, NY, for Defendants Deutsche Bank Securities Inc., RBS Securities Inc., and UBS Securities LLC.

Cravath, Swaine & Moore LLP, by Richard W. Clary, Esq. , Julie A. North, Esq. , Richard J. Stark, Esq. , Michael T. Reynolds, Esq. , Lauren A. Moskowitz, Esq. , New York, NY, for Defendants Credit Suisse Securities (USA) LLC, Credit Suisse First Boston Mortgage Securities Corp., and Credit Suisse Management LLC.

Mayer Brown LLP, by Michael O. Ware, Esq. , S. Christopher Provenzano, Esq. , New York, NY, for Defendant HSBC Securities (USA), Inc.


OPINION AND ORDER

In this action Plaintiff, the Federal Deposit Insurance Corporation, as receiver for both Citizens National Bank ("CNB") and Strategic Capital Bank ("SCB," and together with CNB the "Banks"), sues Bear Stearns Asset Backed Securities I LLC ("BSABS"); the Bear Stearns Companies...

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