2nd Circuit Largely Finds Bank Can’t Bring Claims Over Mortgage-Backed Securities

(May 2, 2024, 1:39 PM EDT) -- NEW YORK — A panel of the Second Circuit U.S. Court of Appeals narrowly agreed with a German banking organization that appealed multiple orders from federal judges in New York in its suit claiming that another banking organization mishandled residential mortgage-backed securities (RMBS), finding that no action clauses in agreements for the securities do not preclude the bank from filing claims....