Legal Opinion
Footbridge Limited Trust v. Countrywide Financial Corp.
District Court, S.D. New York
Decided March 16, 2011No. 10 Civ. 367(PKC)PublishedCited by 19 opinions
1Opinion of the Court
MEMORANDUM AND ORDER
P. KEVIN CASTEL, District Judge:
Plaintiffs Footbridge Limited Trust and OHP Opportunity Limited Trust (the “Funds”) assert claims for violations of sections 11, 12(a)(2) and 15 of the Securities Act of 1933 (the “'33 Act”). The claims arise out of plaintiffs’ purchase of mortgage-backed securities (“MBS”) from Countrywide through two public offerings (the “Securitizations”). Defendants move for summary judgment under Rule 56(a), Fed.R.Civ.P. For the reasons stated below, defendants’ motion for summary judgment is granted. The Court concludes that the plaintiffs’ claims are…
2Cases cited31 opinions
- Anderson v. Liberty Lobby, Inc.Supreme Court of the United States · 1986
- Matsushita Electric Industrial Co., Ltd. v. Zenith Radio CorporationSupreme Court of the United States · 1986
- Pace v. DiGuglielmoSupreme Court of the United States · 2005
- Irwin v. Department of Veterans AffairsSupreme Court of the United States · 1991
- American Pipe & Construction Co. v. UtahSupreme Court of the United States · 1974
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3Cited by19 opinions
- Police & Fire Retirement System v. IndyMac MBS, Inc.Court of Appeals for the Second Circuit · 2013
- In Re Lehman Bros. Securities and Erisa LitigationDistrict Court, S.D. New York · 2011
- In re Smith Barney Transfer Agent LitigationDistrict Court, S.D. New York · 2012
- In Re IndyMac Mortgage-Backed Securities LitigationDistrict Court, S.D. New York · 2011
- International Fund Management S.A. v. Citigroup Inc.District Court, S.D. New York · 2011
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