Ace Securities v. DB Structured Products
Published on:
March 13, 2015
SIFMA has submitted an Amicus “Friend of the Court” Brief.
Court:
New York Court of Appeals
Amicus Issue:
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
Theodore N. Mirvis
George T. Conway III
Charles D. Cording
Vladislav S. Vainberg
Other Amici:
None.