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NAA 2007-1 v. NOMURA CREDIT & CAPITAL, INC.

No. 13 Civ. 3138 (JPO).

27 F.Supp.3d 487 (2014)

NOMURA ASSET ACCEPTANCE CORPORATION ALTERNATIVE LOAN TRUST, SERIES 2007-1, by HSBC BANK USA, N.A., in its capacity as trustee, Plaintiff, v. NOMURA CREDIT & CAPITAL, INC., Defendants.

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

Signed June 24, 2014.

Attorney(s) appearing for the Case

Cindy M. McBennett , Courtney Blaire Statfeld , Gayle Rosenstein Klein , Kyle A. Lonergan , Robert Wilson Scheef , McKool Smith, P.C., New York, NY, for Plaintiff.

Matthew L. Craner , Joseph John Frank , Shearman & Sterling LLP, New York, NY, for Defendants.

OPINION AND ORDER

Plaintiff,1 a residential mortgage-backed securities trust, brings this action against Defendant, the "sponsor" of the trust. Plaintiff alleges that Defendant misrepresented the quality of a substantial portion of the mortgages it packaged in the trust...

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