NY Put-Back Claims Time-Barred In Deutsche Bank MBS Suit

Law360, New York (December 19, 2013, 5:53 PM EST) -- A New York appellate court answered a long-awaited question Thursday on when the state’s statute of limitations for mortgage "put-back claims" begins to run, in a $330 million suit accusing a Deutsche Bank AG affiliate of making false statements about the quality of loans underlying its mortgage-backed securities.

New York’s Appellate Division unanimously reversed a lower court’s ruling that rejected a motion to dismiss the investors' suit against Deutsche Bank, saying the six-year statute of limitations for put-back cases — which began running when the representation...
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