The PSAs for many trusts in which Goldman Sachs was involved say (in various ways) that the trustee can bring a put-back action only with the depositor’s consent or at Continue reading Depositor Cannot Block Put-Back Action
Here is a recent decision by Justice Cohen in an RMBS trustee action. There is lots of good stuff in here, in particular the recognition that the duty to hold Continue reading Trustee Bound by Obligation to Exercise a Trust’s Rights
Well, dear readers, this post is going to be a bit outside the usual realm for the Manipulation Monitor. But, in light of my colleague John Whelan’s recent post on the class action settlement in In Re: Libor-Based Financial Instruments Antitrust Litigation, 11-MD-02262 (“In re Libor“), I thought it might be fun to provide a bit of color (or colour) on a related LIBOR action currently proceeding in the Chancery Division of the High Court of Justice of England and Wales. Continue reading Litigating LIBOR Losses: London Edition
The Oakleaf Group recently posted an analysis of LIBOR transition as it relates to RMBS.