SIFMA submitted an Amicus “Friend of the Court” Brief.
Court:
U.S. District Court
(Southern District of New York)
Amicus Issue:
Whether residential mortgage-backed securities certificates issued by certain New York common law trusts are debt, not equity, and thus, covered by the Trust Indenture Act which generally applies to debt securities.
Counsel of Record:
Cadwalader, Wickersham & Taft LLP
Martin L. Seidel
Maurine Bartlett
Jordan Schwartz
Other Amici:
None
SIFMA, SIFMA AMG, American Bankers Association (ABA), Bank Policy Institute (BPI), Institute of International Bankers (IIB), Insured Retirement Institute (IRI),…