Legal Opinion
In re Bank of New York Mellon
New York Supreme Court
Decided March 31, 2017Published
1Opinion of the Court
OPINION OF THE COURT
Saliann Scarpulla, J.
Petitioner The Bank of New York Mellon seeks judicial instructions on how to distribute a portion of the $8.5 billion settlement payment entrusted to it as trustee of 530 residential mortgage-backed securities trusts (the covered trusts). Certain certificate holders from the various trusts dispute how the settlement payment should be distributed.
In June 2011, The Bank of New York Mellon (the trustee) entered into a settlement agreement on behalf of the covered trusts to resolve allegations that Bank of America Corporation, BAC Home Loan Servicing LP,…
2Cases cited10 opinions
- W.W.W. Associates, Inc. v. GiancontieriNew York Court of Appeals · 1990
- O'Brien v. City of SyracuseNew York Court of Appeals · 1981
- Reilly v. ReidNew York Court of Appeals · 1978
- In Re the Estate of HunterNew York Court of Appeals · 2005
- Wallace v. 600 Partners Co.New York Court of Appeals · 1995
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