IKB International v. Wells Fargo Bank

State of New York OPINION Court of Appeals This opinion is uncorrected and subject to revision before publication in the New York Reports. No. 51 IKB International, S.A., &c., et al., Respondents, v. Wells Fargo Bank, N.A., &c., et al., Appellants, ABFC 2006-OPT1 Trust, et al., Nominal Defendants. (And Three Other Actions.) Matthew D. Ingber, for appellants. John J.D. McFerrin-Clancy, for respondents. American Bankers Association, amicus curiae. GARCIA, J.: Plaintiffs, commercial banks incorporated in Germany, are investors in residential mortgage-backed securities issued by securitization…