Legal Opinion
Loreley Financing (Jersey) No. 4 Ltd. v. UBS Ltd.
New York Supreme Court
Decided December 24, 2013PublishedCited by 4 opinions
1Opinion of the Court
OPINION OF THE COURT
Shirley Werner Kornreich, J.
Plaintiffs move for reargument and renewal of the court’s order dated April 5, 2013 (the April order), which dismissed the complaint with prejudice. Plaintiffs’ motion is denied for the reasons that follow.
The court assumes familiarity with the April order, which sets forth the facts in detail.1 In short, plaintiffs are special purpose investment vehicles managed by IKB, a German bank well known for having invested its clients’ money in long residential mortgage backed securities (RMBS) positions shortly before the market crashed in 2007 (e.g.,…
2Cases cited16 opinions
- Merrill Lynch & Co. Inc. v. Allegheny Energy, Inc.Court of Appeals for the Second Circuit · 2007
- First Nationwide Bank v. Gelt Funding Corp.Court of Appeals for the Second Circuit · 1994
- Lentell v. Merrill Lynch & Co. Inc.Court of Appeals for the Second Circuit · 2005
- Kirschner v. KPMG LLPNew York Court of Appeals · 2010
- CBS Inc. v. Ziff-Davis Publishing Co.New York Court of Appeals · 1990
11 more not listed; retrieve them via the Exa API.
3Cited by4 opinions
- RamiroAviles v. S&P Global, Inc.District Court, S.D. Illinois · 2019
- Honig v. HansenDistrict Court, S.D. New York · 2021
- Honig v. HansenDistrict Court, S.D. New York · 2021
- Karsch v. Blink Health LTDDistrict Court, S.D. New York · 2022