National Credit Union Administration RMBS Litigation (2011-2017)


Korein Tillery is co-lead counsel for the National Credit Union Administration (NCUA)-an independent federal agency that is the credit-union equivalent of the FDIC-in its ongoing efforts to recover billions of dollars in losses suffered by failed credit unions as a result of the collapse of the residential mortgage-backed securities (RMBS) market. Since 2011, Korein Tillery has jointly prosecuted eighteen separate lawsuits against several leading investment banks. To date those cases have resulted in settlements totaling  $5.163 billion -some of the largest RMBS-related settlements to date.