Nomura Home Equity Loan, Inc. v. Nomura Credit & Capital, Inc.
Court for the Trial of Impeachments and Correction of Errors
1Opinion of the Court
STEIN, J.:
*745**522In these appeals stemming from four residential mortgage-backed securities (RMBS) transactions, we are asked to decide whether claims for general contract damages based on alleged breaches of a "no untrue statement" provision can withstand a motion to dismiss based on a contract provision mandating cure or repurchase as the sole remedy for breaches of mortgage loan-specific representations and warranties. We hold that, inasmuch as the claims for general contract damages at issue here are grounded in alleged breaches of the mortgage loan-specific representations and warranties…
2Cases cited44 opinions
- Leon v. MartinezNew York Court of Appeals · 1994
- W.W.W. Associates, Inc. v. GiancontieriNew York Court of Appeals · 1990
- EBC I, Inc. v. Goldman, Sachs & Co.New York Court of Appeals · 2005
- Vermont Teddy Bear Co. v. 538 Madison Realty Co.New York Court of Appeals · 2004
- Kalisch-Jarcho, Inc. v. City of New YorkNew York Court of Appeals · 1983
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