Legal Opinion
Loreley Financing Jersey No. 4 Ltd. v. UBS Ltd.
New York Supreme Court
Decided April 5, 2013PublishedCited by 1 opinion
1Opinion of the Court
OPINION OF THE COURT
Shirley Werner Kornreich, J.
Motion sequence Nos. 002 and 003 are consolidated for disposition.
Defendants UBS Limited, UBS Securities LLC, and UBS AG (collectively, UBS) (sequence No. 002) and Declaration Management & Research LLC (Declaration) (sequence No. 003) move to dismiss the complaint pursuant to CPLR 3211. Defendants’ motions are granted for the reasons that follow.
This case involves allegations of fraud relating to the issuance of approximately $331 million of collateralized debt obligations (CDOs) comprised of residential mortgage backed securities (RMBS) and…
2Cases cited24 opinions
- Leon v. MartinezNew York Court of Appeals · 1994
- Guggenheimer v. GinzburgNew York Court of Appeals · 1977
- Goshen v. Mutual Life InsuranceNew York Court of Appeals · 2002
- Small v. Lorillard Tobacco Co.New York Court of Appeals · 1999
- Cron v. Hargro Fabrics, Inc.New York Court of Appeals · 1998
19 more not listed; retrieve them via the Exa API.
3Cited by1 opinion
- Loreley Financing (Jersey) No. 4 Ltd. v. UBS Ltd.New York Supreme Court · 2013