The First Department has issued an interesting (not RMBS-related) decision discussing what duties an indenture trustee owes (or at least might owe) an investor.
Today, the First Department issued a decision in Computershare v. Natixis. The decision touches on several topics, including whether raising a borrowing statute argument (that is, arguing that another jurisdiction’s shorter statute of limitations applied) should be barred when it was raised for the first time five years into the case (it was not). Continue reading First Department Addresses Several Put-Back Action Issues
I know I said that our last post on the GSE litigation would be the last in that series (heck, I even called it the “Wrap-Up”!), but I hope you’ll forgive the lapse. This update actually comes, not from the Southern District case we all know and love, but from a nearly-identical case that has been progressing in the Pelican State. Continue reading SOS to GSEs: A Resurrection