纽约银行梅隆公司必须与国家抵押支持证券的养老基金索赔bob200体育

The U.S. District Court for the Southern District of New York has decided that investors can sue Bank of New York Mellon (BK) over its role as trustee in Countrywide Financial Corp.’s mortgage-backed securities that they say cost billions of dollars in damages. While Judge William Pauley threw out some of the clams filed in the securities fraud lawsuit submitted by the pension funds, he said that the remaining ones could proceed. The complaint was filed by the Benefit Fund of the City of Chicago, the Retirement Board of the Policemen’s Annuity, and the City of Grand Rapids General Retirement System. The retirement board and Chicago’s benefit fund hold certificates that 25 New York trusts and one Delaware trust had issued, and BNY Mellon is the indentured trustee for both. Pooling and servicing agreements govern how money is allocated to certificate holders.

芝加哥市诉纽约银行梅隆银行的退休警察年金和福利基金退休委员会,原告指责BNYM无视其作为投资者受托人的责任。他们认为,银行忽略了审查支持证券的抵押贷款,以确保没有有缺陷或丢失的文件。bob200体育据称,该银行还没有为投资者采取行动,以确保从抵押贷款池中获得“违规行为”的贷款。结果,债券持有人遭受了巨大的损失,被迫对投资者在抵押贷款中的所有权权益感到极大的不确定性。原告说,完善抵押贷款给信托,证明文件正确,审查贷款档案并确保信托基金的主要服务商执行其职责并补救或回购有缺陷的贷款是BNYM的工作。Countrywide Home Loans Inc.最初是主要服务商,直到合并美国银行(BAC)。

The district court, in granting its motion, limited the lawsuit to the trusts in which the pension fund had interests. It also held that the fund only claimed “injury in fact” in regards to the trusts in which it held certificates. The court found that the certificates from New York are debt securities and not equity and are covered under the Trust Indenture Act. The plaintiffs not only did an adequate job of pleading that Bank of America and Countrywide were in breach of the PSAs, but also they adequately pleaded that defaults of the PSAs were enough to trigger BNYM’s responsibilities under Sections 315(b) and (c). The court, however, threw out the claims that BNYM violated Section 315(a) by not performing certain duties under the PSAs and certain other agreements.

Bnym说,它将捍卫自己免受剩下的主张。

纽约梅隆银行必须在全国范围内面临诉讼,路透社,2012年4月3日

法官拒绝纽约州梅隆银行驳回全国诉讼的动议,福克斯,2012年4月3日


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District Court in Texas Decides that Credit Suisse Securities Doesn’t Have to pay Additional $186,000 Arbitration Award to Luby’s Restaurant Over ARS,股票经纪人欺诈博客,2011年6月2日

瑞士信贷集团AG必须支付ST Microelectronics NV $ 4.31亿美元拍卖率证券仲裁裁决bob200体育,股票经纪人欺诈博客,2012年4月5日

Citigroup to Pay $285M to Settle SEC Lawsuit Alleging Securities Fraud in $1B Derivatives Deal, Institutional Investor Securities Blog, October 20, 2011

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