District Court Grants J.P. Morgan’s Motion for Summary Judgment Against Dexia in RMBS Suit

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On April 2, Judge Jed Rakoff of the United States District Court for the Southern District of New York largely granted J.P. Morgan’s motion for summary judgment in RMBS litigation brought against it by Dexia, a Belgian bank, and FSA Asset Management. In a two-page order, the district court dismissed with prejudice all of Dexia’s claims against the defendants, but permitted FSA’s claims as to five RMBS certificates to proceed. The court indicated that it would issue a written opinion explaining the reasons for these rulings in due course. Order.

Topics:  JPMorgan Chase, RMBS, Summary Judgment

Published In: Business Torts Updates, Civil Procedure Updates, Finance & Banking Updates, International Trade Updates, Securities Updates

DISCLAIMER: Because of the generality of this update, the information provided herein may not be applicable in all situations and should not be acted upon without specific legal advice based on particular situations.

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