PHOENIX LIGHT SF LTD. v. DEUTSCHE BANK NATL. TRUST

14-cv-10103 (JGK) 15-cv-10031 (JGK).

585 F.Supp.3d 540 (2022)

PHOENIX LIGHT SF LTD., et al., Plaintiffs, v. DEUTSCHE BANK NATIONAL TRUST CO. and Deutsche Bank Trust Company Americas, Defendants. Commerzbank AG, Plaintiff, v. Deutsche Bank National Trust Co. and Deutsche Bank Trust Company Americas, Defendants.

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

Signed February 8, 2022.


Attorney(s) appearing for the Case

David H. Wollmuth, Melissa Ann Finkelstein, Michael Christopher Ledley, Randall R. Rainer, Steven Sanford Fitzgerald, Alexandra Carin Spina, Christopher Jon Lucht, Dillon Stern, John Richard Hein, Nicole Marie Clark, Paul DeFilippo, Philip Ransom Schatz, Roselind Franciska Hallinan, Scott C. Ferrier, Sean Patrick McGonigle, William Andrew Maher, Ashley Ann Cardenas, C/O Wollmuth Maher & Deutsch LLP, Daniel Alexander Field, Herrick Feinstein LLP, Michael Christopher Ward, Barton LLP, New York, NY, George A. Zelcs, Pro Hac Vice, John Anton Libra, Matthew Davies, Pro Hac Vice, Korein Tillery, LLC, Chicago, IL, Stephen M. Tillery, Pro Hac Vice, Korein Tillery, LLC, St. Louis, MO, Jay Stuart Handlin, Christensen, Miller, Fink, Jacobs, Glaser, Weil & Shapiro, Los Angeles, CA, for Plaintiffs Phoenix Light SF Limited in 14-cv-10103 (JGK), C-Bass CBO XIV Ltd. in 14-cv-10103 (JGK), C-Bass CBO XVII Ltd. in 14-cv-10103 (JGK), Kleros Preferred Funding V Plc in 14-cv-10103 (JGK), Silver Elms CDO plc in 14-cv-10103 (JGK), Silver Elms CDO II Limited in 14-cv-10103 (JGK), Blue Heron Funding IX Ltd. in 14-cv-10103 (JGK).

Alexandra Carin Spina, Christopher Jon Lucht, Dillon Stern, John Richard Hein, Michael Christopher Ledley, Nicole Marie Clark, Paul DeFilippo, Philip Ransom Schatz, Randall R. Rainer, Roselind Franciska Hallinan, Scott C. Ferrier, Sean Patrick McGonigle, Steven Sanford Fitzgerald, William Andrew Maher, David H. Wollmuth, Ashley Ann Cardenas, C/O Wollmuth Maher & Deutsch LLP, Daniel Alexander Field, Herrick Feinstein LLP, Michael Christopher Ward, Barton LLP, New York, NY, George A. Zelcs, John Anton Libra, Matthew Davies, Korein Tillery, LLC, Chicago, IL, Jay Stuart Handlin, Christensen, Miller, Fink, Jacobs, Glaser, Weil & Shapiro, Los Angeles, CA, for Plaintiffs Blue Heron Funding V Ltd. in 14-cv-10103 (JGK), Blue Heron Funding VI Ltd. in 14-cv-10103 (JGK), Blue Heron Funding VII Ltd. in 14-cv-10103 (JGK).

Bernard J. Garbutt, III, Bryan P. Goff, Grant R. MacQueen, Jonathan Herman Levy, Kevin James Biron, Michael James Ableson, Michael Stephan Kraut, Regina Schaffer-Goldman, Brian A. Herman, Steven G. Brody, Morgan, Lewis and Bockius LLP, Motty Shulman, Fried, Frank, Harris, Shriver & Jacobson LLP, Paul Fattaruso, II, Cyrulnik Fattaruso LLP, New York, NY, Barry Joel Pollack, Robbins, Russell, Englert, Orseck & Untereiner, Charles McAleer, F.B., Jr., Miller & Chevalier Chartered, Washington, DC, Christopher Michael Wasil, Morgan, Lewis & Bockius, Hartford, CT, Cristina Ashba, Joseph Edward Floren, Phillip J. Wiese, Homaira Hosseini, Rachael Catherine Chan, Rollin Bernard Chippey, Morgan Lewis & Bockius LLP, San Francisco, CA, Robin Ann Henry, Boies, Schiller & Flexner LLP, Armonk, NY, for Defendant Deutsche Bank National Trust Company in 14-cv-10103 (JGK).

Brian A. Herman, Jonathan Herman Levy, Kevin James Biron, Morgan, Lewis & Bockius LLP, New York, NY, Joseph Edward Floren, Morgan, Lewis & Bockius LLP, San Francisco, CA, for Defendant Deutsche Bank Trust Company Americas in 14-cv-10103 (JGK).

Alexandra Carin Spina, Bridget Elizabeth Croutier, Christopher Jon Lucht, Dillon Stern, John Richard Hein, Philip Ransom Schatz, Roselind Franciska Hallinan, Scott C. Ferrier, Sean Patrick McGonigle, Steven Sanford Fitzgerald, David H. Wollmuth, Ashley Ann Cardenas, Ryan Anthony Kane, C/O Wollmuth Maher & Deutsch LLP, Daniel Alexander Field, Herrick Feinstein LLP, New York, NY, Jay Stuart Handlin, Christensen, Miller, Fink, Jacobs, Glaser, Weil & Shapiro, Los Angeles, CA, for Plaintiff in 15-cv-10031 (JGK).

Brian A. Herman, Kevin James Biron, Michael Stephan Kraut, Bryan P. Goff, Jonathan Herman Levy, Michael James Ableson, Steven G. Brody, Morgan, Lewis & Bockius LLP, Motty Shulman, Fried, Frank, Harris, Shriver & Jacobson LLP, Paul Fattaruso, II, Cyrulnik Fattaruso LLP, New York, NY, Barry Joel Pollack, Robbins, Russell, Englert, Orseck & Untereiner, Charles McAleer, F.B., Jr., Pro Hac Vice, Miller & Chevalier Chartered, Washington, DC, Christopher Michael Wasil, Morgan, Lewis & Bockius, Hartford, CT, Elizabeth Herrington, Morgan, Lewis & Bockius LLP, Chicago, IL, Joseph Edward Floren, Pro Hac Vice, Morgan, Lewis & Bockius LLP, San Francisco, CA, Robin Ann Henry, Boies, Schiller & Flexner LLP, Armonk, NY, for Defendant Deutsche Bank National Trust Company in 15-cv-10031 (JGK).

Brian A. Herman, Jonathan Herman Levy, Kevin James Biron, Morgan, Lewis & Bockius LLP, New York, NY, Charles McAleer, F.B., Jr., Pro Hac Vice, Miller & Chevalier Chartered, Washington, DC, Joseph Edward Floren, Pro Hac Vice, Morgan, Lewis & Bockius LLP, San Francisco, CA, for Defendant Deutsche Bank Trust Company Americas in 15-cv-10031 (JGK).


OPINION AND ORDER

These actions, like others before them, were brought by investors in residential mortgage-backed securities ("RMBS") seeking to recover losses sustained following the collapse of the United States real estate market more than a decade ago. In this case, RMBS certificateholders...

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