Triaxx Prime CDO 2006-1 Ltd. et al v. U.S. Bank National Association
Case Number:
1:21-cv-11019
Court:
Nature of Suit:
Judge:
Firms
Companies
Sectors & Industries:
-
April 03, 2024
US Bank Beats $100M Suit Over Role As CDO Trustee
A New York federal judge has freed U.S. Bank from a more than $100 million conflict-of-interest lawsuit brought by a group of mortgage-backed CDOs, which accused the bank of obstructing their efforts to sue over underlying mortgage bond losses tied to the 2008 financial crisis.
-
June 06, 2022
CDOs Fight US Bank's Bid To Dismiss $100M Suit
Issuers of mortgage bond-backed collateralized debt obligations are defending their more than $100 million conflict-of-interest lawsuit against their CDO trustee U.S. Bank, telling a New York federal court that the bank is wrong to seek dismissal of the case as a rehash of unsuccessful prior RMBS litigation.
-
February 18, 2022
CDOs Say US Bank 'Obstruction' Stymied RMBS Claims
A group of collateralized debt obligations that have been frequent plaintiffs in residential mortgage-backed securities cases are pursuing a more than $100 million lawsuit in New York federal court that accuses their CDO trustee U.S. Bank of undermining their litigation efforts.