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ACE SEC. CORP. v. DB PRODS., INC.

651854/2014

52 Misc.3d 343 (2016)

29 N.Y.S.3d 139

2016 NY Slip Op 26105

ACE SECURITIES CORP., HOME EQUITY LOAN TRUST, SERIES 2006-SL2, by HSBC BANK USA, NATIONAL ASSOCIATION, Solely in its Capacity as Trustee Pursuant to a Pooling and Servicing Agreement, Dated as of March 1, 2006, Plaintiff, v. DB STRUCTURED PRODUCTS, INC., Defendant.

Supreme Court, New York County.

Decided March 29, 2016.

Attorney(s) appearing for the Case

Simpson Thacher & Bartlett LLP, New York City ( David J. Woll , Thomas C. Rice and Isaac M. Rethy of counsel), for defendant.

Kasowitz, Benson, Torres & Friedman LLP, New York City ( Zachary W. Mazin , Uri A. Itkin and Christopher P. Johnson of counsel), for plaintiff.

OPINION OF THE COURT

This residential mortgage-backed securities (RMBS) breach of contract action is the current incarnation of the dismissed action that was the subject of the Court of Appeals' recent decision in ACE Sec. Corp., Home Equity Loan Trust, Series 2006-SL2 v DB Structured Prods., Inc. (

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