Deutsche Bank Victory May Have Far-Reaching Consequences
January 23, 2014, 1:36 AM EST
Law360, New York (January 23, 2014, 1:36 AM EST) -- A unit of Deutsche Bank recently won dismissal of a suit brought by mortgage bond investors after a New York state appeals court determined the claims for loan repurchase and indemnity were subject to a six-year statute of limitations that began to run when the loans were originally contributed to the securitization trust.
The decision — reached in Ace Securities Corp. v. DB Structured Products Inc. — may ultimately limit new suits by investors who allege that their claims do not accrue — and that therefore...
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