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Seyfarth Shaw LLP | USA | 10 Mar 2010

Trust for the Certificate Holders of the Merrill Lynch Mortgage Investors, Inc. Mortgage Pass-Through Certificates, Series 1999-C1 v. Love Funding Corporation (New York Court of Appeals, Oct. 15, 2009)

New York State's highest court clarified New York State's "champerty" statute and confirmed that the statute will not generally prevent buyers of distressed debt from enforcing their remedies through litigation when pursuing a legitimate claim.

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