July 31, 2015
A Manhattan federal judge has denied General Electric Mortgage Holding LLC’s bid to exit Bank of New York Mellon’s suit accusing it and another mortgage company of falsely representing a $900 million mortgage-backed security trust with poor performance.
July 10, 2015
A Manhattan federal judge on Thursday cut trustee Bank of New York Mellon's indemnification and loan-repurchase claims from its suit against General Electric Mortgage Holding LLC tied to a $900 million mortgage-backed security that performed badly, leaving breach-of-contract claims alive in the litigation.
January 15, 2014
Bank of New York Mellon can sue General Electric Mortgage Holding LLC to repurchase loans that originated with a GE subsidiary, a New York federal judge ruled Tuesday, saying both entities are responsible for the quality of loans in the $900 million mortgage-backed security.