Prudential Scores In Barclays $200M MBS Remand Battle

Law360, New York (January 22, 2013, 5:48 PM EST) -- A New Jersey federal judge Tuesday recommended a lawsuit alleging Barclays Bank PLC and others duped Prudential Insurance Co. of America into buying $200 million in residential mortgage-backed securities be sent back to state court, saying the case is based entirely on state law.

Barclays removed the case to federal court on the grounds that it is related to pending bankruptcy proceedings and has diverse parties that qualify it for federal court, but in a report, U.S. Magistrate Judge Mark Falk said the case is unrelated...
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