AIG v. Bank of America Corp.
Published on:
September 7, 2012
SIFMA submitted an Amicus “Friend of the Court” Brief.
Court:
U.S. Court of Appeals
(Second Circuit)
Amicus Issue:
Whether the jurisdiction scope of the Edge Act, 12 USC § 632, which creates federal court jurisdiction over civil suits where a national bank is a party and the dispute arises out of transactions involving international or territorial banking, extends to a case alleging misleading statements in the offering documents of hundreds of mortgage-backed securities (MBS) collateralized by trusts containing numerous individual mortgages.
Counsel of Record:
Murphy & McGonigle, P.C.
Hannah Berkowitz
Jonathan Bashi
Soren Packer
Daniel Payne
Other Amici:
California Bankers Association
New York Bankers Association