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 ...

Please take a trial or subscribe to access this content.

Contact our subscriptions team to discuss your access: subs@globalcapital.com

Or sign up for a trial to gain full access to the entire site for a limited period.

Free Trial

Corporate access

To discuss GlobalCapital access for your entire department or company please contact our subscriptions sales team at: subs@globalcapital.com or find out more online here.