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Appellate Court Affirms Dismissal of Certain Claims Against Trustee

USA - July 11 2016 On July 5, 2016, the First Department of the Appellate Division of the Supreme Court of the State of New York affirmed the partial grant of Bank of…

Louisa S. Irving.

Tennessee Chancery Court Denies Motion to Dismiss $164 Million RMBS Suit Brought by Tennessee Pension Fund

USA - May 31 2016 On May 24, 2016, Chancellor Carol L. McCoy of the Chancery Court for Davidson County, Tennessee, declined to dismiss claims brought by the Tennessee…

James M. Fee.

Second Circuit Overturns Fraud Judgment against Bank of America and Former Countrywide Executive

USA - May 31 2016 On May 23, 2016, a three-judge panel of the Second Circuit Court of Appeals overturned a judgment of fraud against Bank of America, Countrywide, and…

James M. Fee.

HSBC Sues Merrill Lynch and Bank of America for $420 Million Relating to RMBS Deal

USA - May 31 2016 On May 24, 2016, HSBC Bank USA, N.A., in its capacity as Trustee of Merrill Lynch Alternative Note Asset Trust, Series 2007-0AR5 (“the Trust”)…

James M. Fee.

Federal Appellate Court Reinstates RMBS Action Against Moody’s

USA - May 9 2016 On May 2, 2016, the First Circuit Court of Appeals reinstated a $5.9B suit brought by the Federal Home Loan Bank of Boston (“FHLBB”), alleging that…

Nicholas Anthony Poli.