On Tuesday, April 19, 2022, the Court of Appeals will hear argument in ACE Securities v DB Structured Prods., (No. 34), APL-2020-126. 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.