News & Analysis as of

Repurchases Trustees

Orrick - Finance 20/20

New York Court Dismisses Repurchase Claims Against UBS as Untimely

On July 27, 2016, Justice Marcy Friedman of the New York Supreme Court for New York County, in accordance with other recent decisions dismissed an action against UBS Real Estate Securities, Inc. The case was initially...more

Orrick - Finance 20/20

New York Supreme Court Dismisses ACE Action Re-Asserting Repurchase Claims against DB Structured Products

Orrick - Finance 20/20 on

On March 29, 2016, Justice Marcy Friedman of the New York Supreme Court rejected the trustee’s attempt to renew previously dismissed claims in ACE Securities v. DB Structured Products, Inc. As we previously reported, the...more

Orrick - Finance 20/20

Court Grants HSBC’s Motion to Dismiss Trustee Repurchase Action

Orrick - Finance 20/20 on

On October 17, Justice Marcy S. Friedman of the Supreme Court of the State of New York granted HSBC’s motion to dismiss a repurchase suit brought by Deutsche Bank, as Trustee for HSI Asset Securitization Corp. Trust 2007-NC1....more

Orrick - Finance 20/20

Court Grants in Part and Denies in Part DB Structured Products’ Motion to Dismiss Trustee Repurchase Action

Orrick - Finance 20/20 on

On August 28, Justice Marcy S. Friedman of the Supreme Court of the State of New York granted in part and denied in part DB Structured Products, Inc.’s motion to dismiss repurchase claims brought by HSBC, as Trustee for the...more

Orrick - Finance 20/20

Trustee’s Repurchase Suit Against Quicken Loans Dismissed as Time-Barred

Orrick - Finance 20/20 on

On August 4, Judge Paul A. Crotty of the Southern District of New York granted Quicken Loans’ motion to dismiss a lawsuit brought by Deutsche Bank National Trust Co. (as Trustee of the GSR 2007-OA1 trust), alleging that...more

Orrick - Finance 20/20

Court Grants in Part and Denies in Part Nomura’s Motion to Dismiss Trustee Repurchase Action

Orrick - Finance 20/20 on

On July 18, Justice Marcy Friedman of the New York County Supreme Court, Commercial Division, granted in part and denied in part Nomura Credit & Capital Inc.’s motion to dismiss claims brought by HSBC, as Trustee for the NAAC...more

Dechert LLP

Claims Under Repurchase Transactions Do Not Qualify As Customers’ Claims in Broker-Dealers’ Liquidation

Dechert LLP on

Judge James M. Peck of the Bankruptcy Court for the Southern District of New York held, on June 25, 2013 (the “Lehman Op.”), that claims under repurchase transactions (“Repos”) do not qualify as customer claims and therefore...more

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