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ABS Update

ABS Updates are brief notes on developing events relating to structured finance litigation

New York Recognizes Cross-Jurisdictional Class Action Tolling
ABS Update

New York Recognizes Cross-Jurisdictional Class Action Tolling

The New York Court of Appeals has ruled that New York recognizes cross-jurisdictional class action tolling. Here is how the decision makes a difference. If a class action was brought Continue reading New York Recognizes Cross-Jurisdictional Class Action Tolling

Court Chides Servicer for Failing to Pursue Foreclosure
ABS Update

Court Chides Servicer for Failing to Pursue Foreclosure

This decision by the Second Department is not unusual: it is not uncommon to see foreclosure litigation turning into a discussion of the trust’s failure to pursue its rights diligently—or at all. Continue reading Court Chides Servicer for Failing to Pursue Foreclosure

Recent Posts

  • First Department Issues Latest Guidance on Notice Relating to Put-Back Claims
  • Court Upholds RMBS Failure to Notify Claims
  • First Department Clarifies Limits of Champerty Claims
  • Assignment of Claims Regarding Defaulted Bonds Not Champertous
  • In RMBS Put-Pack Action, Court Leaves Open Possibility of Post-Suit Notice of Breaches

Abs Update Categories

  • Champerty (5)
  • Claims Against Trustees (19)
  • Cleanup Calls (6)
  • CMBS (1)
  • LIBOR Transition (2)
  • Put-Back Actions (23)
  • Sampling (3)
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