RBF Law Case Discussed in Law 360 Article “Lehman Sues Lenders Over Faulty Mortgage Sales”

Originally posted on February 5, 2016

New York, NY

Law360_bigLehman Brothers Holdings Inc. on Wednesday, sued nearly 150 mortgage originators that it says sold it faulty mortgages that resulted in the failed investment bank paying more than $1.2 billion in settlements with Fannie Mae and Freddie Mac.

The adversary complaint Lehman’s estate filed in the federal bankruptcy court in New York is the latest in a string of lawsuits it has filed seeking to enforce indemnification claims against mortgage lenders. The complaint filed alleges that the lenders sold Lehman thousands of defective mortgage loans.

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