Commerzbank AG v. U.S. Bank, N.A.
Case Number:
22-854
Court:
Nature of Suit:
Companies
Sectors & Industries:
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April 30, 2024
2nd Circ. Revives Commerzbank RMBS Suit Against US Bank
The Second Circuit on Tuesday revived part of a nearly decade-old Commerzbank AG lawsuit brought against U.S. Bank NA over its role as a trustee on a slew of pre-2008 crisis RMBS trusts, sending some of the German bank's previously dismissed claims back to district court for a "closer inspection."
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November 01, 2022
US Bank Tells 2nd Circ. To Uphold RMBS Suit Win
U.S. Bank has asked the Second Circuit Court of Appeals to affirm a lower court ruling that rejected Germany-based Commerzbank AG's attempt to reconsider a 2015 claim that U.S. Bank had breached its fiduciary obligations in regard to 56 residential mortgage-backed securities trusts.