ABS Updates are brief notes on developing events relating to structured finance litigation
U.S. Bank recently filed its opposition to Commerzbank’s motion for reconsideration. In it, U.S. Bank expanded on its argument that the transfer of certificates in RMBS trusts occurs in New Continue reading U.S. Bank Doubles Down on Argument that Transfers of RMBS Certificates Governed by New York Law
Commerzbank has settled its claims with BofA in Commerzbank v. U.S. Bank and BofA. Attached is a complaint related to a CLO deal that did not close because of the Continue reading Trustee Action Settlement; The Pandemic and the CLO Market
Here is an article from Law360 about the effect of the current economic crisis on CMBS (subscription required). As with RMBS, CLOs and similar products, the lesson from the last Continue reading Effect of Pandemic on CMBS Market
