Legal Opinion
ACE Securities Corp. v. DB Structured Products, Inc.
New York Court of Appeals
Decided June 11, 2015No. 85PublishedCited by 108 opinions
1Opinion of the Court
OPINION OF THE COURT
Read, J.
This appeal stems from a transaction involving residential mortgage-backed securities (RMBS). Two certificateholders in the ACE Securities Corp., Home Equity Loan Trust, Series 2006-SL2 (the Trust) sued DB Structured Products, Inc. (DBSP), the sponsor of the transaction, for failure to repurchase loans that allegedly did not conform to DBSP’s representations and warranties. The Trust later sought to substitute itself as plaintiff in place of the certificateholders. The parties dispute the timeliness of this lawsuit, whether the certificateholders or the Trust…
2Cases cited16 opinions
- Vermont Teddy Bear Co. v. 538 Madison Realty Co.New York Court of Appeals · 2004
- Ely-Cruikshank Co. v. Bank of MontrealNew York Court of Appeals · 1993
- John J. Kassner & Co. v. City of New YorkNew York Court of Appeals · 1979
- Abb Industrial Systems, Inc. v. Prime Technology, Inc., General Resistance, Inc., Zero-Max, Inc., Barry Wright Corporation, Pacific Scientific CompanyCourt of Appeals for the Second Circuit · 1997
- Hahn Automotive Warehouse, Inc. v. American Zurich InsuranceNew York Court of Appeals · 2012
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3Cited by108 opinions
- Nomura Home Equity Loan, Inc. v. Nomura Credit & Capital, Inc.Court for the Trial of Impeachments and Correction of Errors · 2017
- Deutsche Bank National Trust Co. ex rel. GSR Mortgage Loan Trust 2007-OA1 v. Quicken Loans Inc.Court of Appeals for the Second Circuit · 2015
- Individual Healthcare Specialists, Inc. v. Bluecross Blueshield of Tennessee, Inc.Tennessee Supreme Court · 2019
- Federal Housing Finance Agency v. Nomura Holding America, Inc.Court of Appeals for the Second Circuit · 2017
- Dennis v. JPMorgan Chase & Co.District Court, S.D. Illinois · 2018
103 more not listed; retrieve them via the Exa API.