Legal Opinion
In re U.S. Bank National Ass'n
New York Supreme Court
Decided December 18, 2015PublishedCited by 2 opinions
1Opinion of the Court
OPINION OF THE COURT
Marcy Friedman, J.
In this CPLR article 77 proceeding, four trustees of residential mortgage-backed securitization (RMBS) trusts seek judicial approval of their decision to accept a settlement, on behalf of the trusts, of claims against Citigroup Inc. and its direct and indirect subsidiaries (Citigroup).1 {See first amended petition *275¶ 19.) The proposed settlement, the RMBS Trust Settlement Agreement (proposed settlement or agreement), was negotiated by Citigroup and a group of institutional investors that collectively held 30% of the unpaid principal balance of securities…
2Cases cited7 opinions
- Zuckerman v. City of New YorkNew York Court of Appeals · 1980
- Winegrad v. New York University Medical CenterNew York Court of Appeals · 1985
- ACE Securities Corp. v. DB Structured Products, Inc.New York Court of Appeals · 2015
- AG Capital Funding Partners, L.P. v. State Street Bank & Trust Co.New York Court of Appeals · 2008
- LaSalle Bank National Ass'n v. Nomura Asset Capital Corp.District Court, S.D. New York · 2001
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3Cited by2 opinions
- Bulgari v. BulgariDistrict Court, S.D. New York · 2024
- Pacific Life Insurance Company and Pacific Life & Annuity Company v. U.S. Bank National AssociationDistrict Court, S.D. New York · 2026