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Royal Bank of Scotland obtains dismissal of certain claims pending in Thornburg bankruptcy case

April 2012

Client(s) Royal Bank of Scotland Group Plc, The

Jones Day obtained dismissal of 22 out of 31 claims for The Royal Bank of Scotland Plc that were filed by the Chapter 11 Trustee in the chapter 11 case of Thornburg Mortgage, Inc. The lawsuit was preceded by an investigation commenced in mid-2009 in connection with certain pre-bankruptcy transactions involving Thornburg Mortgage, Inc. and its debtor affiliates, Royal Bank of Scotland, and certain other financial institutions, including JPMC, Citigroup, Bear Stearns, Credit Suisse, and UBS.

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