Wells Fargo v. SEB Investment Management
Court: U.S. Court of Appeals (Ninth Circuit) (Rule 23(f) petition) Amicus Issue: Whether class action plaintiffs can satisfy the requirements…
SIFMA and 17 other organizations provide comments to the San Bernardino County Board of Supervisors strongly objecting to the Joint Powers Agreement (JPA) that contemplates the implementation of a so-called “Homeownership Protection Plan.” Based on publicly available information on the JPA, the groups are very concerned that the good intentions of the Board of Supervisors will instead result in significant harm to the residents the JPA intends to help. The JPA proposes the use of eminent domain to seize mortgage loans from private investors through condemnation, in order to force a restructuring of the mortgage. The groups believe that the contemplated use of eminent domain raises very serious legal and constitutional issues.
The combined groups also sent letters to the City Council of Fontana California and the City Council of Ontario California.
Court: U.S. Court of Appeals (Ninth Circuit) (Rule 23(f) petition) Amicus Issue: Whether class action plaintiffs can satisfy the requirements…
Chief Information Security Officer of Northern Trust, Karl Schimmeck, delivered testimony on behalf of SIFMA at a hearing before the…
Court: Colorado Supreme Court Amicus Issue: Whether C.R.C.P. 11 (which is identical to Fed.R.Civ.P. 11), which imposes a non-delegable duty…