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AMBAC ASSURANCE CORP. v. U.S. BANK NATIONAL ASS'N

17 Civ. 2614 (PAE) (KHP).

632 F.Supp.3d 517 (2022)

AMBAC ASSURANCE CORPORATION, Plaintiff, v. U.S. BANK NATIONAL ASSOCIATION, Defendant.

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

Signed September 30, 2022.

Attorney(s) appearing for the Case

Henry J. Ricardo , Stephanie Ann Teplin , Peter W. Tomlinson , Patterson, Belknap, Webb & Tyler LLP, New York, NY, for Plaintiff.

David F. Adler , Pro Hac Vice, Jenna LaPointe , Keith Kollmeyer , Michael T. Marcucci , Jones Day, Boston, MA, Albert J. Rota , Jones Day, New York, NY, Amanda Rose Parker , Joseph Cassalia Barry , Joseph Zachary Czerwien , Louis A. Chaiten , Shimshon Balanson , Jones Day, Cleveland, OH, Michael Collyard , Robins Kaplan LLP, Minneapolis, MN, for Defendant.

OPINION & ORDER

"This is another of the seemingly-endless stream of derivative actions brought by plaintiffs who lost money that had been invested in residential mortgage-back securities (`RMBS') when the housing market collapsed." Bakal v. U.S. Bank Nat'l Ass'n, 747 F. App'x 32, 34 (2d Cir...

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