Legal Opinion

Residential Funding Co. v. UBS Real Estate Securities, Inc. (In re Residential Capital, LLC)

United States Bankruptcy Court, S.D. New York

Decided August 25, 2014No. Case No. 12-12020(MG) Jointly Administered; Adv. Pro. Case No. 14-01926(MG)PublishedCited by 31 opinions

1Opinion of the Court

MEMORANDUM OPINION AND ORDER DENYING MOTION TO REMAND

MARTIN GLENN, UNITED STATES BANKRUPTCY JUDGE

Debtor Residential Funding Company, LLC (“RFC”) filed this lawsuit against UBS Real Estate Securities, Inc. (“UBS”) in the New York State Supreme Court, seeking breach of contract damages and indemnification related to loans UBS sold to RFC. RFC then removed the action to this Court, and UBS now seeks to remand *55the case to state court.1 UBS also filed a motion to withdraw the reference of the action to this Court. Judge Daniels of the District Court denied that motion without prejudice, in part to…

2Cases cited41 opinions

  1. Colorado River Water Conservation District v. United StatesSupreme Court of the United States · 1976
  2. Northern Pipeline Construction Co. v. Marathon Pipe Line Co.Supreme Court of the United States · 1982
  3. Stern v. MarshallSupreme Court of the United States · 2011
  4. Granfinanciera, S.A. v. NordbergSupreme Court of the United States · 1989
  5. Katchen v. LandySupreme Court of the United States · 1966

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3Cited by31 opinions

  1. Keybank Nat'l Ass'n v. Franklin Advisers, Inc.District Court, S.D. Illinois · 2019
  2. Penson Techs. LLC v. Schonfeld Grp. Holdings LLC (In re Penson Worldwide)United States Bankruptcy Court, D. Delaware · 2018
  3. In re Residential Capital, LLCUnited States Bankruptcy Court, S.D. New York · 2014
  4. Hosking v. TPG Capital Management, L.P. (In re Hellas Telecommunications (Luxembourg) II SCAUnited States Bankruptcy Court, S.D. New York · 2015
  5. Rescap Liquidating Trust v. PHH Mortgage Corp.District Court, S.D. New York · 2014

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