ABS Updates are brief notes on developing events relating to structured finance litigation
The New York Court of Appeals today accepted the following certified questions from the Ninth Circuit regarding usury and litigation funding in Fast Track Investment Company, LLC, v. Sax. Whether Continue reading Court of Appeals Accepts Certified Question re: Usury
John Orenstein of Greene Espel in Minneapolis shared with me two things. The first is a decision in a TIP where the majority certificateholder opposed a put-back action (something you Continue reading An ABS Grab bag: Champerty, TIP’s, Daubert; Statute of Limitations and CLOs
Royal Park is settling its lawsuit with BoNYM. Because it is a derivative action, certificateholders in the affected trusts will be given notice and an opportunity to substitute in regarding Continue reading Trustee Action Settlement
