Knights Of Columbus Sues BNY Mellon For Mortgage Info

Law360, New York (May 27, 2011, 7:23 PM EDT) -- The Knights of Columbus, a charitable organization tied to the Catholic Church, on Thursday sued Bank of New York Mellon Corp. in New York state court in a bid to determine whether the actions of two trusts administered by the bank are harming homeowners.

BNY Mellon serves as trustee of two residential mortgage-backed securities trusts where Countrywide, now a unit of Bank of America Corp., is the master servicer. The Knights of Columbus, which has a $17 billion investment portfolio, invested in the trusts and now...
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