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Daily Archives: Wednesday, May 24, 2017

Posted: May 24, 2017

Questions of Fact Preclude Summary Judgment on De Facto Merger Successor Liability Claims

On May 16, 2017, the First Department issued a decision in Ambac Assurance Corp. v. Countrywide Home Loans, Inc., 2017 NY Slip Op. 03886, holding that questions of fact precluded summary judgment on de facto merger successor liability claims, explaining: Ambac, the insurer of a number of residential mortgage-backed securitizations originated by the Countrywide defendants… Read more »