PHOENIX LIGHT SF LIMITED, in its own right and on the right of Blue Heron Funding V Ltd., Blue Heron Funding VI Ltd., Blue Heron Funding VII Ltd., Blue Heron Funding IX Ltd., Kleros Preferred Funding V PLC, Silver Elms CDO PLC, Silver Elms CDO II Limited, C-BASS CBO XVII Ltd., and C-BASS CBO XIV Ltd., and each of BLUE HERON FUNDING V LTD., BLUE HERON FUNDING VI LTD., BLUE HERON FUNDING VII LTD., BLUE HERON FUNDING IX LTD., KLEROS PREFERRED FUNDING V PLC, SILVER ELMS CDO PLC, and SILVER ELMS CDO Plaintiffs,
v.
THE BANK OF NEW YORK MELLON, as Trustee, Defendant.
United States District Court, S.D. New York.https://leagle.com/images/logo.png
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. See Fixed Income Shares: Series M v. Citibank N.A., ___ F. Supp...
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