Bank of New York Mellon v. WMC Mortgage, et al.

Published on:
August 1, 2016

SIFMA has submitted an Amicus “Friend of the Court” Brief.

Court:

New York Court of Appeals

Amicus Issue:

Whether a securitization sponsor’s agreement to a gap warranty that: (i) states that it applies for a limited period of time, and (ii) covers a variety of reported data, some of which were true or false at loan origination and some of which could change from true to false subsequent to loan origination, necessarily mean that the securitization sponsor was warranting the accuracy of all reported data regardless of when the data became false, rather than only if the reported data became false during the period of time referenced in the gap warranty.

Counsel of Record:

Stroock & Stroock & Lavan LLP

Michael C. Keats

David J. Kahne

Other Amici:

None.

Details

Download

More Content

  • Amicus Briefs
    Oct 05, 2026

    In re The Boeing Company Securities Litigation

  • Letters
    Oct 05, 2026

    Reducing Duplicative Regulation and Expanding Exemptions for Commodity Pool Operators and Commodity Trading Advisors

    SIFMA AMG comments on CFTC proposals to reduce duplicative regulation for certain CPOs and CTAs and account for inflation.
  • Letters
    Sep 30, 2026

    Proposed Rule Change to Amend FINRA Rules 0150, 2165, 4512 and to Adopt FINRA Rule 2166

    SIFMA Comments to SEC in support of the proposed rule changes to improve the utilization of Rules 2165 and 4512, as well as the new Rule 2166 to allow for a temporary delay for suspected fraud.

Get the latest trends, stats, and research on financial markets and securities.