Retirement Board of the Policemen's Annuity & Benefit Fund v. Bank of New York Mellon

DEBRA ANN LIVINGSTON, Circuit Judge:

These interlocutory appeals require us to resolve two questions that have recurred in recent eases involving residential mortgage-backed securities (“RMBS”), but that this Court has not yet had occasion to address. The first question is whether, under our decision in NECA-IBEW Health & Welfare Fund v. Goldman Sachs & Co., 693 F.3d 145 (2d Cir.2012), cert. denied, - U.S. -, 133 S.Ct. 1624, 185 L.Ed.2d 576 (2013), a named plaintiff in a putative class action has “class standing” to assert, on absent class members’ behalf, breach-of-duty claims against the…