Legal Opinion

Ambac Assurance Corp. v. EMC Mortgage LLC

Appellate Division of the Supreme Court of the State of New York

Decided October 16, 2014No. 12665 651013/12PublishedCited by 12 opinions

1Opinion of the Court

Order, Supreme Court, New York County (Charles E. Ramos, J.), entered June 18, 2013, which, to the extent appealed from as limited by the briefs, granted defendants’ motion to dismiss the second and third causes of action of the amended complaint, unanimously affirmed, without costs.

This action relates to seven residential mortgage-backed securities (RMBS) transactions that originated between March 2006 and November 2006 (the transactions). Plaintiffs Ambac Assurance Corporation and the Segregated Account of Ambac Assurance Corporation (collectively, Ambac) partially insured the transactions,…

2Cases cited1 opinion

  1. Telerep, LLC v. U.S. International Media, LLCAppellate Division of the Supreme Court of the State of New York · 2010

3Cited by12 opinions

  1. Nomura Home Equity Loan, Inc. v. Nomura Credit & Capital, Inc.Court for the Trial of Impeachments and Correction of Errors · 2017
  2. Nomura Home Equity Loan, Inc., Series 2006-FM2 v. Nomura Credit & Capital, Inc.Appellate Division of the Supreme Court of the State of New York · 2015
  3. Bank of New York Mellon v. WMC Mortgage, LLCNew York Supreme Court · 2016
  4. Matter of Wells Fargo Bank v. Aegon USA Inv. Mgt., LLCAppellate Division of the Supreme Court of the State of New York · 2021
  5. Matter of Total Envtl. Restoration Solutions, Inc. (TERS) v. Contract Dispute Resolution Bd.Appellate Division of the Supreme Court of the State of New York · 2023

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