US Bank Beats Crisis-Era RMBS Suit With 'Champerty' Arg

By Dean Seal · March 18, 2020, 10:57 PM EDT

U.S. Bank on Wednesday successfully defeated contract claims over pre-2008 residential mortgage-backed securities certificates with an argument that the entities suing it had obtained the right to do so with illegal...

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Case Information

Case Title

Phoenix Light SF Limited et al v. U.S. Bank National Association et al

Case Number

1:14-cv-10116

Court

New York Southern

Nature of Suit

Other Statutory Actions

Date Filed

December 24, 2014