US Bank, Bank of America win dismissal of mortgage claimsThe dismissals came in three decisions late Monday by U.S. District Judge Katherine Forrest in Manhattan. In the first, Forrest rejected an attempt by funds from BlackRock Inc (BLK.N), Allianz SE’s (ALVG.DE) Pacific Investment Management Co and TIAA-CREF to hold US Bancorp liable for alleged defects in 843 RMBS trusts collateralized by $778.6 billion of loans, causing tens of billions of dollars of losses.
via Reuters