December 13, 2024
A New York federal judge has ruled that Commerzbank AG's suit against U.S. Bank may proceed, rejecting U.S. Bank's argument that presuit notification to certain residential mortgage-backed securities trust parties was unnecessary due to their alleged involvement in the misconduct.
March 25, 2022
Commerzbank AG can't reopen a case to file a motion to reconsider an earlier decision over claims that U.S. Bank mismanaged a portfolio of mortgage-backed securities, a New York federal judge ruled Friday, finding that Commerzbank's recent discovery of a relevant change in Ohio law couldn't erase the fact that the motion was untimely.
February 09, 2022
A New York federal judge on Tuesday dismissed Commerzbank AG's suit over U.S. Bank's stewardship of pre-crisis residential mortgage-backed securitization trusts after the parties reached a settlement.
May 29, 2020
U.S. Bank NA shot back at Commerzbank's bid to reconsider a court order trimming the German bank's suit over U.S. Bank's stewardship of pre-crisis residential mortgage-backed securitization trusts, telling a New York federal court that its ruling resolved several issues and needs "no epilogue."
April 28, 2020
A New York federal judge took a knife on Tuesday to a Commerzbank lawsuit over U.S. Bank's stewardship of an array of pre-crisis residential mortgage-backed securitization trusts, cutting through dueling submissions whose length he compared to "Gone with the Wind."