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SIFMA Tells 5th Circ. Repose Law Kills FDIC's $2B RMBS Suit

By Stewart Bishop (February 27, 2015, 3:50 PM EST) -- The Securities Industry and Financial Markets Association on Wednesday asked the Fifth Circuit to find that the extender statute for certain Federal Deposit Insurance Corp. claims doesn't preempt state statutes of repose, in a $2.1 billion residential mortgage-backed securities case targeting Goldman Sachs & Co. and several other banks....

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