April 30, 2024
The Second Circuit on Tuesday revived part of a nearly decade-old Commerzbank AG lawsuit brought against U.S. Bank NA over its role as a trustee on a slew of pre-2008 crisis RMBS trusts, sending some of the German bank's previously dismissed claims back to district court for a "closer inspection."
November 01, 2022
U.S. Bank has asked the Second Circuit Court of Appeals to affirm a lower court ruling that rejected Germany-based Commerzbank AG's attempt to reconsider a 2015 claim that U.S. Bank had breached its fiduciary obligations in regard to 56 residential mortgage-backed securities trusts.