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Royal Park Investments SA/NV v. The Bank of New York Mellon

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Case overview

Case Number:

1:14-cv-06502

Court:

New York Southern

Nature of Suit:

Securities/Commodities

Multi Party Litigation:

Class Action

Judge:

Gregory H. Woods

Firms

Companies

Sectors & Industries:

  1. June 08, 2020

    BNY, Royal Park Return With More Info On $925K RMBS Deal

    Royal Park Investments SA/NV and the Bank of New York Mellon have taken another stab at ending their six-year-long court fight over residential mortgage-backed securities trusts overseen by the bank, receiving a New York federal judge's sign-off after giving him more background on their nearly $1 million settlement deal.

  2. March 09, 2020

    Judge Says No 'Rubber Stamp' To End BNY Mellon RMBS Suit

    A New York federal judge has swatted down a bid by Royal Park Investments SA/NV and the Bank of New York Mellon to end their six-year-long court fight over residential mortgage-backed securities trusts overseen by the bank, saying he's not there just to "rubber stamp" their vague request for dismissal.

  3. March 03, 2020

    Royal Park Ends 6-Year RMBS Fight With BNY Mellon

    Royal Park Investments SA/NV is walking away from its suit accusing BNY Mellon of bundling thousands of toxic loans into residential mortgage-backed securities, according to a joint voluntary dismissal bid filed Monday in New York federal court.

  4. November 19, 2019

    Use Of Sampling In Royal Park RMBS Suit Ruled Too Pricey

    Royal Park Investments SA/NV can't use loan sampling to support its claims that BNY Mellon bundled thousands of toxic loans into residential mortgage-backed securities because the discovery method is not cost-effective, a New York federal judge ruled Monday.

  5. April 19, 2019

    BNY Mellon Pans Royal Park's Bid For Sampling In RMBS Suit

    BNY Mellon slammed an investment company's push to use loan sampling to support its claims that the bank bundled thousands of toxic loans into residential mortgage-backed securities, claiming in New York federal court Thursday that the method contradicts legal precedent.

  6. March 19, 2019

    Royal Park Asks To Use Sampling In BNY Mellon MBS Suit

    An investment company urged a New York federal judge Monday to let it use loan sampling to support its claims that BNY Mellon bundled thousands of toxic loans into mortgage-backed securities, arguing that the data would help prove the bank's liability.

  7. February 19, 2019

    Royal Park Loses 2nd Cert. Try In BNY Mellon MBS Suit

    Royal Park Investments SA/NV's bid for class certification in its suit against The Bank of New York Mellon Corp. over failed mortgage-backed securities was denied for the second time by a New York federal judge who found that the investors' claims did not satisfy class action commonality requirements.

  8. December 05, 2017

    BNY Mellon Says Royal Park's Proposed Class Still Lacking

    The Bank of New York Mellon Corp. has asked a New York federal judge to reject a new effort to allow a case over failed mortgage-backed securities it oversaw to advance as a class action, saying Royal Park Investments' class definition is still too "expansive and amorphous" to be certified.

  9. October 18, 2017

    Investors Take Second Pass At Cert. In $1B RMBS Suit

    Investors tweaked their class certification bid Tuesday in their suit against Bank of New York Mellon Corp. over $1.12 billion in residential mortgage-backed securities, adding a time constraint to the class definition after a New York federal judge denied their first attempt for being too vague.

  10. August 31, 2017

    Would-Be Class Too Broad In $1.12B RMBS Suit

    A New York federal judge on Wednesday refused to certify a proposed class of investors accusing Bank of New York Mellon Corp. of failing in its role as trustee of some $1.12 billion in residential mortgage-backed securities, ruling that the class is not defined explicitly enough.

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