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GOOD HILL PARTNERS L.P. v. WM ASSET HOLDINGS CORP.

No. 08 Civ. 3730 (JSR).

583 F.Supp.2d 517 (2008)

GOOD HILL PARTNERS L.P. on behalf of GOOD HILL MASTER FUND, L.P., Plaintiff, v. WM ASSET HOLDINGS CORP. CI 2007-WM2, WM Asset Holdings Co 2007-WM2 LLC, WM Asset Holdings Corp., WaMu Asset Acceptance Corp., WaMu Capital Corp., Washington Mutual Bank, and Washington Mutual, Inc., Defendants.

United States District Court, S.D. New York.

October 31, 2008.

Attorney(s) appearing for the Case

Mark S. Cohen, Cohen & Gresser, LLP, New York, NY, for Plaintiff.

Victor J. Rocco, Heller Ehrman, LLP (NYC), New York, NY, for Defendants.

MEMORANDUM ORDER

JED S. RAKOFF, District Judge.

This is yet another case arising from the widespread charge-offs of nonperforming subprime mortgages and the concomitant effect on the value of mortgage-backed securities. Plaintiff Good Hill Partners ("Good Hill") is the investment manager for Good Hill Master Fund. Defendants WM Asset Holdings Corp. CI 2007-WM2 and WM Asset Holdings CI 2007-WM2 LLC were...

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