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  5. 572 F.Supp.2d 314 (2008)
 

ANN ARBOR EMPLOYEES' RET. v. CITIGROUP MORTG. LOAN

No. CV 08-1418.

572 F.Supp.2d 314 (2008)

CITY OF ANN ARBOR EMPLOYEES' RETIREMENT SYSTEM, Individually and on behalf of all others similarly situated, Plaintiffs, v. CITIGROUP MORTGAGE LOAN TRUST INC., et al., Defendants.

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

August 11, 2008.

Attorney(s) appearing for the Case

Coughlin Stoia Geller Rudman Robbins LLP, by David A. Rosenfeld, Esq., Melville, NY, for Plaintiffs.

Cleary Gottlieb Steen & Hamilton LLP, by Lawrence Friedman, Esq., New York, NY, for Defendants.

MEMORANDUM AND ORDER

WEXLER, District Judge.

This is a class action alleging violation of Sections 11 and 15 of the Securities Act of 1933. The action was commenced in the Supreme Court of the State of New York and was thereafter removed to this court. Presently before the court is Plaintiffs' motion to remand. For the reasons that follow, the motion is denied.

BACKGROUND

I...

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