IN RE WELLS FARGO MORTGAGE-BACKED CERTIFICATES

No. C 09-01376 SI.

712 F.Supp.2d 958 (2010)

In re WELLS FARGO MORTGAGE-BACKED CERTIFICATES LITIGATION.

United States District Court, N.D. California.

April 22, 2010.


Attorney(s) appearing for the Case

Betsy Carol Manifold , Francis M. Gregorek , Rachele R. Rickert , Wolf Haldenstein Adler Freeman & Herz LLP, David Ronald Stickney , David Andrew Thorpe , Timothy Alan Delange , Takeo Austin Kellar , Bernstein, Litowitz, Berger & Grossmann LLP, San Diego, CA, Christopher Lometti , Daniel B. Rehns , Joel P. Laiman , Cohen Milstein Sellers & Toll, PLLC, New York, NY, for Plaintiff.

Andrew Dale Lanphere , Bruce A. Ericson , Pillsbury Winthrop Shaw Pittman LLP, Carolyn Veronica Zabrycki , David H. Fry , Jenny Huang Hong , Munger Tolles & Olson LLP, Thomas Octavian Jacob , Wells Fargo Law Department, David T. Biderman , Farschad Farzan , Perkins Coie LLP, Stephen E. Taylor , Taylor & Company Law Offices, LLP, San Francisco, CA, Kathleen Marie McDowell , Marc T. Dworsky , Munger, Tolles & Olson LLP, Los Angeles, CA, Ronit Setton , Cadwalader, Wickersham & Taft LLP, Adam Zurofsky , Floyd Abrams , Tammy L. Roy , Cahill Gordon & Reindell LLP, Shahzeb Lari , Stephanie J. Goldstein , William G. Mcguinness , Fried Frank Harris Shriver & Jacobson LLP, Andrew J. Ehrlich , Martin Flumenbaum , Tobias J. Stern , Paul, Weiss, Rifkind, Wharton & Garrison LLP, James J. Coster , James Regan , Joshua M. Rubins , Satterlee Stephen Burke & Burke LLP, New York, NY, David Andrew McCarthy , Wilson Sonsini Goodrich & Rosati, Palo Alto, CA, for Defendants.


ORDER GRANTING IN PART AND DENYING IN PART DEFENDANTS' MOTIONS TO DISMISS

SUSAN ILLSTON, District Judge.

On March 19, 2010, the Court heard oral argument on defendants' motions to dismiss the complaint. Having considered the arguments of the parties and the papers submitted, and for good cause shown, the Court hereby rules as follows.

BACKGROUND

I. Background on Mortgage-Pass Through Certificates

These consolidated cases are brought...

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