Class Actions Blog

Posts Tagged ‘mortgage-backed securities’

Royal Bank of Scotland settles mortgage backed derivative class action

Posted on: April 4th, 2014 by Steve Larson

Stocks and sharesEmployee health and pension funds that launched a consolidated class action in New York federal court accusing Royal Bank of Scotland Group PLC of misleading investors in mortgage-backed securities offerings have agreed to a $275 million cash settlement.   The settlement with RBS is the nation’s third-largest MBS-federal securities class action settlement stemming from the 2008 financial collapse. The plaintiffs in the certified consolidated class action include the New Jersey Carpenters Health Fund, the Boilermaker Blacksmith Pension Trust, Iowa Public Employees’ Retirement System and Midwest Operating Engineers Pension Trust Fund. Read more…


Another securities class-action case to be reviewed by Supreme Court

Posted on: March 11th, 2014 by Keith Dubanevich

Stocks and sharesThe U.S. Supreme Court on Monday agreed to review another securities class action case: Public Employees’ Retirement System of Mississippi v. IndyMac MBS Inc.  The case arose out of the massive collapse of securities that were backed by home mortgage loans.  The issue before the Court is the time limit to sue for false claims in the offer or sale of securities. Read more…


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This blog is intended to provide information to the general public and to practitioners about developments that may impact Oregon class actions.

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  • Steve Larson

  • Keith Dubanevich
  • Steve Larson has been representing investors, consumers and employees in class actions in Oregon for over 20 years. He is a shareholder at the law firm of Stoll Berne in Portland, Oregon.
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