Deutsche Bank Seeks To Axe Sealink's $960M RMBS Action

Law360, New York (March 18, 2014, 7:11 PM EDT) -- Deutsche Bank AG on Tuesday claimed the suit brought by Sealink Funding Ltd. accusing the German lender of fraudulently selling it more than $960 million in residential mortgage-backed securities should fail as the Irish financial firm lacks the standing to bring the action.

During oral arguments before New York Supreme Court Judge Marcy S. Friedman in Manhattan, Deutsche Bank attorney David J. Woll of Simpson Thatcher & Bartlett LLP argued that Sealink, which claims to be the successor in interest of special-purpose vehicles created by state-owned...
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