Commerzbank AG v. Bank of New York Mellon

  1. August 28, 2023

    Judge Trims Commerzbank's RMBS Suit Against BNY Mellon

    Four years after asking a New York federal court to find in its favor in a lawsuit against the Bank of New York Mellon over dozens of troubled residential mortgage-backed securities trusts, Commerzbank finally received a ruling Monday that said a majority of the events in the case were time-barred, and that the remaining 13 would require a jury to decide.

  2. August 19, 2019

    Commerzbank Bids For Quick Wins In BNY Mellon RMBS Suit

    Commerzbank AG has asked the Manhattan federal judge overseeing its residential mortgage-backed securities trustee suit against the Bank of New York Mellon for key rulings that it said would leave damages as the only question remaining to be tried for nearly half of the dozens of mortgage trusts at issue in the case.

  3. October 13, 2017

    BNY Mellon Loses 2nd Bid To Toss Commerzbank's RMBS Suit

    A New York federal judge won't rethink his decision to give a green light to some of Commerzbank AG's claims in its suit over the Bank of New York Mellon's alleged bungling of duties to a slew of residential mortgage-backed securities trusts and a collateralized debt obligation, saying Thursday that he applied the right legal standard.

  4. April 19, 2017

    Commerzbank Says BNY Mellon Rightly Can't Nix RMBS Row

    Commerzbank AG urged a New York judge on Tuesday not to rethink his allowing its claims over the Bank of New York Mellon's oversight of residential mortgage-backed securities to proceed, saying BNY Mellon cannot point to anything the judge overlooked.

  5. April 05, 2017

    BNY Asks Judge To Rethink German Law In $1B RMBS Case

    The Bank of New York Mellon asked a New York federal judge on Tuesday to reconsider his decision to let Commerzbank AG's billion-dollar case proceed against it for poor oversight of residential mortgage-backed securities trusts, saying the case came too late under German law.

  6. March 21, 2017

    Commerzbank's $1B BNY Mellon RMBS Case Clears Hurdle

    A New York federal judge declined on Tuesday to dismiss Commerzbank AG's billion-dollar suit against Bank of New York Mellon Corp. for allegedly failing to vet residential mortgage-backed securities it was supposed to oversee, finding several of the claims have legs.

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