In re Municipal Mortgage & Equity, LLC

MEMORANDUM AND ORDER RE: MOTIONS TO DISMISS

MARVIN J. GARBIS, District Judge.

The Court has before it Defendants Merrill Lynch, Pierce, Fenner & Smith Inc.’s and RBC Capital Markets Corp.’s Motion to Dismiss [Document 70], Municipal Mortgage & Equity, LLC and the Individual Defendants’ Motion to Dismiss [Document 72], and Defendant Melanie Lundquist’s Motion to Dismiss [Document 76] and the materials submitted related thereto. The Court has held a hearing and had the benefit of the arguments of counsel.

I. SUMMARY INTRODUCTION

In the early 2000’s, Municipal Mortgage & Equity, LLC (“MuniMae”) was…