Commerzbank AG v. U.S. Bank National Ass'n
District Court, S.D. New York
1Opinion of the Court
OPINION & ORDER
WILLIAM H. PAULEY III, United States District Judge:
Defendants U.S. Bank National Association and Bank of America National Association move to dismiss Commerzbank AG’s claims. For the reasons that follow, Defendants’ motion is granted in part and denied in part.
BACKGROUND
This action arises from the sale of residential mortgage backed securities (“RMBS”). RMBS are abstruse financial products that were integral in the rapid rise and precipitous fall of the U.S. housing market during the aughts. The collapse of the housing bubble sent the economy into a tailspin,' and spawned a…
2Cases cited26 opinions
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