ABS Updates are brief notes on developing events relating to structured finance litigation
On February 8, 2022, the Court of Appeals will hear reargument in U.S. Bank National Association v DLJ, APL-2020-18. The case issue statement describes the issues as: Contracts–Breach or Performance Continue reading Court of Appeals to Hear Reargument in U.S. Bank v. DLJ
Relying on the Second Circuit’s October 2021 decision in Phoenix Light v. U.S. Bank, which held that Phoenix Light lacked standing to sue U.S. Bank, the S.D.N.Y. dismissed Phoenix Light’s Continue reading Phoenix Light v. BoNYM Dismissed for Lack of Standing
NCUA and HSBC have agreed to settle NCUA’s trustee claims against HSBC.
