Calif. Statute Of Limitations Sinks Deutsche Bank RBMS Suits

Law360, New York (December 5, 2017, 10:46 PM EST) -- A New York state appeals court has sunk two suits brought by Deutsche Bank National Trust Co. over thousands of allegedly defective loans in two residential mortgage-backed securities trusts it oversees as trustee, concluding Tuesday that its remaining breach-of-contract claims against Barclays PLC and HSBC were brought too late under its home state’s statute of limitations.

Although the Los Angeles-based Deutsche Bank unit’s claims would have been considered timely under a six-year time limit in New York, where the trusts were organized, New York’s so-called borrowing...
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