Triaxx Prime CDO 2006-1 Ltd. et al v. U.S. Bank National Association

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Case overview

Case Number:

1:21-cv-11019

Court:

New York Southern

Nature of Suit:

Contract: Other

Judge:

Barbara C. Moses

Firms

Companies

Sectors & Industries:

  1. April 03, 2024

    US Bank Beats $100M Suit Over Role As CDO Trustee

    A New York federal judge has freed U.S. Bank from a more than $100 million conflict-of-interest lawsuit brought by a group of mortgage-backed CDOs, which accused the bank of obstructing their efforts to sue over underlying mortgage bond losses tied to the 2008 financial crisis.

  2. June 06, 2022

    CDOs Fight US Bank's Bid To Dismiss $100M Suit

    Issuers of mortgage bond-backed collateralized debt obligations are defending their more than $100 million conflict-of-interest lawsuit against their CDO trustee U.S. Bank, telling a New York federal court that the bank is wrong to seek dismissal of the case as a rehash of unsuccessful prior RMBS litigation.

  3. February 18, 2022

    CDOs Say US Bank 'Obstruction' Stymied RMBS Claims

    A group of collateralized debt obligations that have been frequent plaintiffs in residential mortgage-backed securities cases are pursuing a more than $100 million lawsuit in New York federal court that accuses their CDO trustee U.S. Bank of undermining their litigation efforts.