ROYAL PARK INVESTMENTS SA/NV v. HSBC BANK USA

Nos. 14-cv-8175 (SAS), 14-cv-9366 (SAS), 14-cv-10101 (SAS).

109 F.Supp.3d 587 (2015)

ROYAL PARK INVESTMENTS SA/NV, individually and on behalf of all others similarly situated, Plaintiffs, v. HSBC BANK USA, NATIONAL ASSOCIATION, as Trustee, Defendant. Blackrock Balanced Capital Portfolio (FI), et al., Plaintiffs, v. HSBC Bank USA, National Association, Defendant. Phoenix Light SF Limited, et al., Plaintiffs, v. HSBC Bank USA, National Association, Defendant.

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

Filed June 1, 2015.


Attorney(s) appearing for the Case

Blair A. Nicholas, Esq. , Benjamin Galdston, Esq. , David R. Kaplan, Esq. , Lucas E. Gilmore, Esq. , Timothy A. Delange, Esq. , Bernstein Litowitz Berger & Grossmann LLP, San Diego, CA, Jeroen Van Kwawegen, Esq. , Hannah E. Ross, Esq. , Bernstein Litowitz Berger & Grossmann LLP, New York, NY, for BlackRock Plaintiffs.

Arthur C. Leahy, Esq. , Ashley M. Robinson, Esq. , Jennifer Nunez Caringal, Esq. , Steven W. Pepich, Esq. , Robbins Geller Rudman & Dowd LLP, San Diego, CA, Samuel H. Rudman, Esq. , Robbins Geller Rudman & Dowd LLP, Melville, NY, Christopher M. Wood, Esq. , Robbins Geller Rudman & Dowd LLP, San Francisco, CA, for Royal Park Plaintiffs.

David H. Wollmuth, Esq. , Melissa A. Finkelstein, Esq. , Randall R. Rainer, Esq. , Steven S. Fitzgerald, Esq. , Danielle A. D'Aquila, Esq. , William A. Maher, Esq. , Wollmuth Maher & Deutsch LLP, New York, NY, George A. Zelcs, Esq. , Matthew Davies, Esq. , Maximilian C. Gibbons, Esq. , Korein Tillery, LLC, Chicago, IL, John A. Libra, Esq. , Korein Tillery, LLC, St. Louis, MO, for Phoenix Light Plaintiffs.

Andrew W. Rudge, Esq. , George A. Borden, Esq. , Kevin M. Hodges, Esq. , Vidya Atre Mirmira, Esq. , Williams & Connolly LLP, Washington, DC, Michael Orth Ware, Esq. , Mayer Brown LLP, New York, NY, Jennifer M. Rosa, Esq. , Mayer Brown LLP, Washington, DC, for Defendant.


OPINION AND ORDER

I. INTRODUCTION

Plaintiffs in three related cases1 allege the failure of HSBC Bank USA, National Association ("HSBC") to discharge its duties as a trustee for residential mortgage backed securities ("RMBS") trusts, including trusts that...

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