The PSAs for many trusts in which Goldman Sachs was involved say (in various ways) that the trustee can bring a put-back action only with the depositor’s consent or at its direction. It seems a bit crazy to let a depositor prevent the trust from pursuing a remedy. Today, the SDNY agreed.
Depositor Cannot Block Put-Back Action
Stay informed!
Sign up for email alerts and notifications here.
Read more about our Structured Finance Litigation practice.