2nd Circuit Holds Investor Lacked Standing To Bring RMBS-Related Suit

( November 6, 2024, 3:37 PM EST) -- NEW YORK — The Second Circuit U.S. Court of Appeals affirmed a district court’s grant of summary judgment in favor of the trustee of residential mortgage-backed securities (RMBS) trusts after determining that an investor in the RMBS trusts lacked prudential and contractual standing to pursue its claims....

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