Another shot for MBS investors in trustee lawsuits

gavel
By Ryan Bolger
21 Jan 2015

Lawsuits against MBS trustees over bad mortgages originated before the financial crisis might still have a chance of being considered, after a petition filed in a US federal appellate court on Tuesday.

The US Court of Appeals for the Second Circuit last month threw out a case filed by a class of MBS investors led by a Chicago pension fund against the Bank of New York Mellon, deciding that MBS investors had no grounds under the Trust Indenture Act (TIA) to ...

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