FASB’s Invitation to Comment – Agenda Consultation
SIFMA provided comments to the Financial Accounting Standards Board (FASB) on its Invitation to Comment - Agenda Consultation (the “ITC”).
Court:
New York Court of Appeals
Amicus Issue:
Whether repurchase suits initiated on the last day of the limitations period by pleadings that were defective (in the first case, because they were filed by a party that lacked standing; and/or in the second case, because they were filed before the trustee has complied with the contractual repurchase protocol) should nonetheless be treated as timely, such that the trustee may cure the defects and proceed with the lawsuits.
Counsel of Record:
Wachtell, Lipton, Rosen & Katz
Elaine P. Golin
Graham W. Meli
Jordan L. Pietzsch
David Shieh
Other Amici:
None.
SIFMA provided comments to the Financial Accounting Standards Board (FASB) on its Invitation to Comment - Agenda Consultation (the “ITC”).
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