Oklahoma Police Pension & Retirement System v. U.S. Bank National Ass'n
District Court, S.D. New York
1Opinion of the Court
OPINION AND ORDER
JOHN G. KOELTL, District Judge:
This case is part of the fallout from the residential mortgage crisis. The plaintiff, Oklahoma Police Pension and Retirement System, brings this putative class action against the defendant, U.S. Bank National Association (“U.S. Bank”), the trustee for fourteen trusts in which the plaintiff and the other members of the putative class invested (the “Covered Trusts”). The trusts own residential mortgage loans that were pooled and sold together as Bear Stearns mortgage backed securities (“MBS”). The plaintiff alleges that the defendant failed to…
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