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Daily Archives: Sunday, October 28, 2018

Posted: October 28, 2018

Compliance with No-Action Clauses Excused in Suit Against RMBS Trustee

On October 18, 2018, the First Department issued a decision in Blackrock Balanced Capital Portfolio (FI) v. U.S. Bank N.A., 2018 NY Slip Op. 06990, holding that the plaintiff’s compliance with no-action clauses was excused in a suit against an RMBS trustee, explaining: We reject defendant’s argument that all of the breach of contract claims must... Read more »