2nd Circuit Sets Argument In Mortgage-Backed Securities Appeal Over ERISA Claims

(July 23, 2024, 8:38 AM EDT) -- NEW YORK — The Second Circuit Court of Appeals has set oral argument for Sept. 5 in a dispute involving whether a pension fund’s investment in mortgage-backed securities (MBS) made the underlying residential mortgages Employee Retirement Income Security Act plan assets and exposed the mortgage servicers to ERISA fiduciary liability....