US Bank Mortgage Trust Investors Denied Cert. In $2B Suit

Published: 31/01/2018
US Bank Mortgage Trust Investors Denied Cert. In $2B Suit
Source: WWW.LAW360.COM

A Manhattan federal judge on Wednesday said that class certification is not appropriate for investors hoping to stick trustee U.S. Bank NA with the bill for $2 billion of financial crisis-era losses in 25 home mortgage trusts, finding that would-be members in large part bought in at a discount after the fact and were not injured.

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