ABS Update

On October 14, 2022, Justice Chan of the New York County Commercial Division issued a decision in Park Royal I LLC v. HSBC, Index No. 657329, holding that a certificateholder’s failure to have Cede & Co. authorizations when it commenced an action was a curable defect . . . Continue reading Failure to Have Cede & Co. Authorizations When Action Commenced is Curable

On September 30, 2022, Judge Engelmayer of the SDNY in Ambac v. U.S. Bank, 17-cv-02614-PAE-KHP, issued a decision in an RMBS trustee action discussing, among other things, when claims against a trustee accrue. Continue reading SDNY Issues New RMBS Decision; Discusses When Claims Against Trustee Accrue