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UBS Denied Remand Of ResCap's $685M RMBS Suit

By Cara Salvatore (August 26, 2014, 3:01 PM EDT) -- A New York federal judge has denied UBS Real Estate Securities Inc.'s motion to remand a $685 million ResCap residential mortgage-backed securities suit to New York state court, saying Monday that UBS's filing of RMBS-related claims in the bankruptcy renders ResCap's suit a counterclaim and bumps it up to "core proceeding" status....

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