WOORI BANK v. RBS SECURITIES, INC.

No. 12 Civ. 4254(HB).

910 F.Supp.2d 697 (2012)

WOORI BANK, Plaintiff, v. RBS SECURITIES, INC., f/k/a Greenwich Capital Markets, Inc.; RBS Holdings USA Inc. f/k/a Greenwich Capital Holdings, Inc.; RBS Financial Products, Inc. f/k/a Greenwich Capital Financial Products, Inc.; ACA ABS 2007-1 LLC; Cairn Mezz ABS CDO II Inc.; Novastar ABS CDO I, Inc.; TABS 2006-6, LLC; and Webster CDO I (Delaware) Corp., Defendants.

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

December 27, 2012.


Attorney(s) appearing for the Case

Seth Rich Gassman , Michael D. Hausfeld , Nathaniel C. Giddings , Swathi Bojedla , Timothy S. Kearns , William P. Butterfield , Hausfeld LLP, Washington, DC, Christopher L. Lebsock , Michael P. Lehmann , Hausfeld LLP, San Francisco, CA, Hojin Seo , Deryook USA, New York, NY, for Plaintiff.

Jay B. Kasner , Susan Leslie Saltzstein , Skadden, Arps, Slate, Meagher & Flom LLP, New York, NY, William John O'Brien, III , Skadden, Arps, Slate, Meagher & Flom LLP, Washington, DC, for Defendants.


OPINION & ORDER

HAROLD BAER, JR., District Judge.

Plaintiff Woori Bank ("Woori") alleges that the defendants fraudulently and negligently misrepresented the value of and risks associated with collateralized debt obligations ("CDO") that were in part comprised of residential mortgage backed securities ("RMBS").1 The defendants are three financial institutions, RBS Securities, Inc., RBS Holdings USA Inc., and RBS Financial...

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