SIFMA submitted an Amicus “Friend of the Court” Brief

Court:

New York Supreme Court
Appellate Division, First Department

Amicus Issues:

Whether New York’s six-year
statute of limitations period for breach of contract cases involving allegedly
misleading offering agreements for the sale of residential mortgage-backed
securities (RMBS) begins to run on the transaction’s closing date, as the banks
assert, or whether it begins to run only after the bank refuses to repurchase
the loans, as the plaintiff investors assert.

Counsel of Record:

Wachtell, Lipton, Rosen
& Katz

George T. Conway III
Jeffrey D. Hoschander
Justin V. Rodriguez
Caitlin A. Donovan  

Other Amici:

None.