UPDATE: We are told that the Court of Appeals has postponed this argument to Thursday, May 19, 2022, at noon, New York time.
On Tuesday, April 19, 2022, the Court of Appeals will hear argument in ACE Securities v. DB Structured Prods. (No. 34), APL-2020-126. Argument is scheduled to begin at 2:00 PM New York time and can be viewed on the Court of Appeals website.
The issue on appeal is:
Limitation of Actions–Commencement of Action after Termination of Prior Action–Whether the trustee of a residential mortgage-backed securities trust is a “plaintiff” within the meaning of CPLR 205(a) when the prior action was commenced by the trust’s certificateholders.