Mealey's Banking & Finance - Supreme Court Remands Mortgage-Backed Securities Lawsuit To 10th Circuit

Mealey's Banking & Finance - Supreme Court Remands Mortgage-Backed Securities Lawsuit To 10th Circuit

WASHINGTON, D.C. - The U.S. Supreme Court on June 16 vacated a lower court ruling denying dismissal of a consolidated National Credit Union Administration (NCUA) lawsuit against several financial institutions over their sale of residential mortgage-backed securities (RMBS) to two failed credit unions in violation of federal securities law (Nomura Home Equity Loan, et al. v. National Credit Union Administration, No. 13-576, U.S. Sup.).

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