3rd Circ. Won't Revive Homeowner Suit Against M&T Bank

Law360, Los Angeles (February 19, 2016, 8:00 PM EST) -- The Third Circuit on Friday refused to revive a putative class action in which homeowners accused M&T Bank Corp. and its subsidiaries of operating an illegal captive reinsurance scheme, ruling the plaintiffs filed the suit after a statute of limitations had expired.

Affirming a lower court’s decision to grant summary judgment to M&T Bank and M&T Mortgage Reinsurance Co., the appeals judges said the homeowners sued more than four years after closing on their home-mortgage loans. Thus, they couldn’t bring their claims under the Real Estate...
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Case Information

Case Title

Judith Cunningham, et al v. M&T Bank Corp, et al


Case Number

15-1412

Court

Appellate - 3rd Circuit

Nature of Suit

3290 Other Real Property Actions

Date Filed

February 27, 2015

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