ABS Update

RMBS PSAs often refer to actual knowledge. I do not think that there is much dispute that “actual knowledge” means actually knew (as opposed to deemed knowledge, about which there Continue reading U.S. Supreme Court Discusses Definition of “Actual Knowledge”

Someone recently sent me—and so I pass on to all of you—a complaint in an action where U.S. Bank is suing the insurer FIC for not covering U.S. Bank’s settlement Continue reading Trustee Sues Insurer