Morgan Stanley Mortgage Loan Trust 2006-13ARX Ex Rel. U.S. Bank National Ass'n v. Morgan Stanley Mortgage Capital Holdings LLC
Appellate Division of the Supreme Court of the State of New York
1Opinion of the Court
OPINION OF THE COURT
Gische, J.
This case arises from the securitization and sale of residential mortgages. The mortgage loans originated with an affiliated entity of defendant, Morgan Stanley Mortgage Capital Holdings LLC (Morgan Stanley). Plaintiff, U.S. Bank National Association (Trustee), as trustee of the Morgan Stanley Mortgage Loan Trust 2006-13ARX holding the underlying loans (Trust), seeks redress for the massive loan defaults that occurred, rendering the residential mortgage backed securities (RMBS) it sold to outside investors virtually worthless. Insofar as relevant to this appeal,…
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- Metropolitan Life Insurance v. Noble Lowndes International, Inc.New York Court of Appeals · 1994
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