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Royal Park Denied Class Certification In US Bank RMBS Suit

Law360 (July 11, 2018, 10:11 PM EDT) -- Royal Park Investments SA/NV can’t have class action status for its suit accusing U.S. Bank NA of fumbling its duties as trustee to nearly two dozen residential mortgage-backed securities trusts, a New York federal judge ruled Tuesday.

U.S. District Judge Victor Marrero said in a two-page order denying Royal Park’s class certification bid that he wasn’t persuaded the requirements for class treatment had been met.

“In so ruling, the court joins other courts that, under sufficiently analogous circumstances in various class actions brought by Royal Park,...
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Case Information

Case Title

Royal Park Investments SA/NV v. U.S. Bank National Association


Case Number

1:14-cv-02590

Court

New York Southern

Nature of Suit

Securities/Commodities

Judge

Victor Marrero

Date Filed

April 11, 2014

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