Deutsche
Bank Which
Underwrote
Predatory Mortgages
Now Wants Long
Briefs in SDNY
Motion
Practice Ensues
By Matthew
Russell Lee
FEDERAL
COURTHOUSE, January 29 – In
the US District Court for the
Southern District of New York,
investors are arguing against
letting Deutsche Bank out of
litigation about Residential
Mortgage Backed Securities.
The case is
1:15-cv-10031, and on January
28 Deutsche Bank's lawyers
tried to argue for longer than
allowed briefs: "Magistrate
Judge Freeman: We represent
defendants Deutsche Bank
National Trust Company and
Deutsche Bank Trust Company
Americas, as trustees for the
residential mortgage-backed
securitization trusts at issue
in the above-referenced
actions (collectively,
“Defendant”). Defendant
requests that this Court (i)
strike the briefs that the
Phoenix Light plaintiffs
(collectively, “Phoenix
Light”) and Commerzbank filed
this weekend in opposition to
Defendant’s respective motions
for summary judgment in those
actions, because each of those
briefs contained 27,945 words
(92 pages), approximately
twice the word limit set by
this Court; (ii) order that
each of Phoenix Light and
Commerzbank may file an
amended opposition brief that
complies with the applicable
14,000-word limit within seven
days after its non-compliant
brief is struck and that any
such amended brief may only
contain text that is in its
current, non-compliant brief
(i.e., each Plaintiff should
only be permitted to excise
language from its current
brief and not add new
language, argument or
citation); and (iii) order
that Defendant’s reply briefs
are due 35 days after
Commerzbank and Phoenix Light
file any compliant
oppositions. As Defendant’s
reply briefs are currently due
on February 15, Defendant
respectfully requests a
telephonic conference on these
issues at the Court’s earliest
convenience."
Inner City Press
will be following this
***
Feedback:
Editorial [at] innercitypress.com
Reporter's mobile (and weekends):
718-716-3540
Other, earlier Inner City Press are
listed here,
and some are available in the ProQuest
service, and now on Lexis-Nexis.
Copyright 2006-2019 Inner City
Press, Inc. To request reprint or other
permission, e-contact Editorial [at]
innercitypress.com for
|
,
