Though Sher's case is complex in its scope, it essentially accuses Orrick and Dempsey of helping former Thornburg executives funnel millions of dollars to SAF by amending Thornburg's management agreement to hasten payment of fees and bonuses for former e

Goldman Sachs Group Inc. (GS) won a U.S. District Court judge’s consent to take over a lawsuit filed by the former Thornburg Mortgage, now called TMST, according to a court order filed yesterday. The judge said the defunct firm based its claims on state

The trustee handling the former Thornburg Mortgage Inc. (THMRQ) bankruptcy asked a judge to let him pursue a lawsuit against banks including JPMorgan Chase & Co. (JPM) and Citigroup Inc. (C), saying they helped to push the company into default by making

By Patrick Fitzgerald A federal judge has ruled that the First Amendment doesn't bar investors from suing credit-rating companies over losses on mortgage-backed securities issued by failed lender Thornburg Mortgage Inc. , in a blow to firms that had argue

The rating agencies are not entitled to First Amendment protection for their ratings of securities backed by mortgages originated at defunct Thornburg Mortgage, a federal judge has ruled. In a massive 273-page November 12, 2011 opinion that addresses a n

These agencies had argued that the Constitution protected them from claims they issued inflated ratings on more than $5 billion of securities issued in 2006 and 2007, and backed by loans from former Thornburg Mortgage Inc and other lenders. But the judge