Blackrock Allocation Target Shares: Series S Portfolio et al v. U.S. Bank National Association

  1. February 22, 2018

    Investors, US Bank Agree To Move MBS Claims To NY Court

    Investors accusing U.S. Bank of bungling its duties as trustee to an array of mortgage trusts said Wednesday that they've agreed to drop what's left of their New York federal court case and head to state court, a move that comes less than a month after they were denied class certification.

  2. January 31, 2018

    US Bank Mortgage Trust Investors Denied Cert. In $2B Suit

    A Manhattan federal judge on Wednesday said that class certification is not appropriate for investors hoping to stick trustee U.S. Bank NA with the bill for $2 billion of financial crisis-era losses in 25 home mortgage trusts, finding that would-be members in large part bought in at a discount after the fact and were not injured.

  3. March 06, 2017

    US Bank, Investors Battle Over Certification In RMBS Suit

    BlackRock Inc. and dozens of other investors alleging that U.S. Bank NA failed to properly oversee residential mortgage-backed security trusts pushed a New York federal court on Friday for class certification, while the bank argued that the proposed class's allegations are too diverse to be grouped together.

  4. February 26, 2016

    US Bank Has Mixed Day In RMBS Trust Cases

    U.S. Bank won a split decision in cases alleging the bank failed in its duties as trustee on residential mortgage-backed securities, with a New York federal judge letting private investors’ contract breach claims move forward while dismissing those of the federal credit union regulator that also targeted BofA.

  5. February 08, 2016

    Deutsche Ruling Bolsters US Bank Suit, RMBS Investors Say

    BlackRock Inc. and dozens of other investors alleging that U.S. Bank National Association failed to oversee residential mortgage-backed security trusts properly have asked a New York federal court to consider a ruling denying Deutsche Bank's bid to escape a similar suit.

  6. May 19, 2015

    US Bank, BofA Escape Hundreds Of MBS Trustee Claims

    A New York federal judge on Monday tossed claims brought by the federal government and private investors in separate suits against U.S. Bank and Bank of America, setting aside arguments that the banks failed to properly oversee hundreds of residential mortgage-backed security trusts under their purview. 

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