Legal Opinion
Landesbank Baden-Württemberg v. Capital One Financial Corp.
District Court, S.D. New York
Decided July 17, 2013No. Nos. 12 Civ. 5907(MGC), 12 Civ. 5909(MGC), 12 Civ. 5911(MGC)PublishedCited by 1 opinion
1Opinion of the Court
OPINION
CEDARBAUM, District Judge.
These are three related actions, all removed from the Supreme Court of New York County. The defendants were all involved in the securitization of mortgages and their sale to the plaintiffs. Plaintiffs assert common law claims of misrepresentation in the offering materials. Defendants have removed the cases to this Court on the ground that the claims are governed by federal law, 12 U.S.C. § 632, a section added in 1933 to the Edge Act of 1919. Plaintiffs have moved to remand all three actions. For the reasons that follow, plaintiffs’ motion is granted.
FACTS
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2Cases cited8 opinions
- Montefiore Medical Center v. Teamsters Local 272Court of Appeals for the Second Circuit · 2011
- Roy A. Somlyo v. J. Lu-Rob Enterprises, Inc. And Louis G. BondCourt of Appeals for the Second Circuit · 1991
- American International Group, Inc. v. Bank of America Corp.Court of Appeals for the Second Circuit · 2013
- Bank of America Corp. v. LemgruberDistrict Court, S.D. New York · 2005
- Manas Y Pineiro v. Chase Manhattan Bank, N. A.District Court, S.D. New York · 1978
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3Cited by1 opinion
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