German Bank's Claims Pared In $278M MBS Suit Against RBS

Law360, New York (March 25, 2014, 8:02 PM EDT) -- A New York judge on Tuesday pared three out of five claims from a lawsuit brought by Germany's fourth-largest bank against the Royal Bank of Scotland Group PLC over the sale of $278 million in toxic residential mortgage-backed securities.

New York Supreme Court Judge Marcy S. Friedman rejected the argument by Deutsche Zentral Genossenschaftsbank AG that New York’s statute of limitations is applicable to the case because the bank has operations in New York, instead finding that the loss occurred at DZ Bank’s place of incorporation,...
To view the full article, register now.
Law360 Pro Say Podcast
Check out Law360's new podcast, Pro Say, which offers a weekly recap of both the biggest stories and hidden gems from the world of law.