Federal Home Loan Bank v. Banc of America Securities LLC
District Court, C.D. California
1Opinion of the Court
ORDER RE: PLAINTIFF’S MOTION TO REMAND
MARIANA R. PFAELZER, District Judge.
I. INTRODUCTION & BACKGROUND
This securities action is brought by Plaintiff Federal Home-Loan Bank of Chi cago, a federally chartered corporation established by Congress under the Federal Home Loan Bank Act of 1932. Plaintiff claims it purchased over $880 million in Private Label Mortgage Backed Securities, also known as mortgage pass-through certificates (“Certificates”), which are a form of residential mortgage backed securities (“RMBS”) issued by private entities. Compl. ¶ 3 (Docket No. 1). The Certificates were…
2Cases cited15 opinions
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- Wyatt v. TerhuneCourt of Appeals for the Ninth Circuit · 2003
- In re Pegasus Gold Corp.Court of Appeals for the Ninth Circuit · 2005
- In Re Resorts International, Inc.Court of Appeals for the Third Circuit · 2004
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