On February 2, 2012, Sealink Funding Ltd. filed a summons with notice against The Royal Bank of Scotland Group (“RBS”). Sealink’s allegations arise from the alleged sale by RBS of $90 million in RMBS to certain Sealink. Sealink alleges that the offering materials issued in connection with the RMBS contained material misrepresentations and omissions regarding the underwriting standards used to issue the underlying mortgage loans, the validity of the assignments of the mortgage loans into certain trusts, the legal validity of the trusts themselves, and statistical characteristics of the mortgage loans underlying the RMBS, including the loan-to-value ratios and combined loan-to-value ratios, as well as the percentage of owner-occupied properties. Summons.