Gross Negligence Claims Do Not Bar Application of Sole Remedy Provision
The Court of Appeals has held that in an RMBS put-back action, claims of gross negligence cannot overcome the limitations of a PSA’s sole remedy provision.
RMBS Statute of Limitations Decisions
Here are some recent decisions regarding the statute of limitations. Justice Friedman dismissed Ambac’s fraud claim against Countrywide, finding that the suit was time-barred. In particular, she held that Ambac Continue reading RMBS Statute of Limitations Decisions