March 09, 2018
A New York federal judge ruled Thursday that three Triaxx collateralized debt obligation issuers have run out of chances on their $280 million suit alleging U.S. Bank NA and the Bank of New York Mellon dropped the ball as trustees to several dozen residential mortgage-backed securitization trusts.
March 01, 2017
A New York federal judge on Wednesday scolded an attorney for blaming his client for submitting a second amended complaint in the middle of briefing on a motion to dismiss the first complaint, which alleges breach of contract and breach of fiduciary duty by US Bank and BNY Mellon as trustees of mortgage-backed securities.
March 03, 2016
A group of funds known as the Triaxx entities socked JPMorgan Chase, US Bank, and BNY Mellon Wednesday with a New York federal suit alleging the loss of $85 million on JPMorgan-sponsored trusts packed with unlawful mortgage-backed securities.