Legal Opinion
Luminent Mortgage Capital, Inc. v. Merrill Lynch & Co.
District Court, E.D. Pennsylvania
Decided August 20, 2009No. Civil Action 07-5423PublishedCited by 5 opinions
1Opinion of the Court
MEMORANDUM
SURRICK, District Judge.
Presently before the Court is Defendants’ Motion to Dismiss the Amended Complaint. (Doc. No. 13). For the following reasons, the Amended Complaint will be dismissed.
I. BACKGROUND
This is a securities fraud action brought by real estate investment trusts (collectively, “Plaintiffs”) that purchased mortgage-backed securities in August 2005. (See Am. Compl. ¶¶ 1,13.) Plaintiffs purchased the mortgage-backed securities from mortgage banking institutions associated with Merrill Lynch (collectively, “Defendants”), which underwrote and issued the securities. (Id. ¶…
2Cases cited49 opinions
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- Tellabs, Inc. v. Makor Issues & Rights, Ltd.Supreme Court of the United States · 2007
- In Re Burlington Coat Factory Securities Litigation. P. Gregory Buchanan, Jacob Turner and Ronald AbramoffCourt of Appeals for the Third Circuit · 1997
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3Cited by5 opinions
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