Try our Advanced Search for more refined results

Expert Analysis

Bank Of New York Mellon Decision A Win For Trustees

Law360, New York (April 16, 2015, 10:26 AM EDT) -- In a recent decision, the Supreme Court of New York's Appellate Division (First Department) (appellate court) approved a settlement agreement between a large group of certificate holders for mortgage-backed securities (institutional investors), for which Bank of New York Mellon serves as trustee, and Countrywide Home Loans and Bank of America. In its ruling, the appellate court partially reversed the lower court's limited approval of the settlement by finding that the lower court improperly second-guessed the judgment of the trustee and did not accord that judgment proper deference when considering approval of the settlement....

Law360 is on it, so you are, too.

A Law360 subscription puts you at the center of fast-moving legal issues, trends and developments so you can act with speed and confidence. Over 200 articles are published daily across more than 60 topics, industries, practice areas and jurisdictions.


A Law360 subscription includes features such as

  • Daily newsletters
  • Expert analysis
  • Mobile app
  • Advanced search
  • Judge information
  • Real-time alerts
  • 450K+ searchable archived articles

And more!

Experience Law360 today with a free 7-day trial.

Start Free Trial

Already a subscriber? Click here to login

Related Sections

Law Firms

Companies

Hello! I'm Law360's automated support bot.

How can I help you today?

For example, you can type:
  • I forgot my password
  • I took a free trial but didn't get a verification email
  • How do I sign up for a newsletter?
Ask a question!