Appellants purchased financial instruments, mainly issued by the defendant banks, that carried a rate of return indexed to the London Interbank Offered Rate (“LIBOR”), which approximates the average rate at which a group of designated banks can borrow money.
(f/k/a Banc of America Securities LLC) (additional counsel for the many parties and amici are listed in Appendix A).
As the head of Mission Capital Advisor’s residential trading business, he has advised high profile commercial and government clients on the more than billion of residential mortgage loan portfolio sales and agency deliveries.
In addition to the finance business, Jordan’s responsibilities include sourcing and executing loan sale opportunities.
Lauter Lewis Brisbois Bisgaard & Smith LLP Brian L.
Diamond Mc Carthy LLP Wells Fargo Foothill Sanford R.
A., and Merrill Lynch, Pierce, Fenner & Smith, Inc.
Mishkin on the brief), Davis Polk & Wardwell LLP, New York, NY, for Defendants–Appellees Bank of America Corporation, Bank of America, N.