ACE SEC v. DB STRUCTURED

653394/2012.

55 Misc.3d 544 (2016)

2016 NY Slip Op 26337

40 N.Y.S.3d 723

ACE SECURITIES CORP., HOME EQUITY LOAN TRUST, SERIES 2006-HE4, by HSBC BANK USA, NATIONAL ASSOCIATION, in its Capacity as Trustee, Plaintiff, v. DB STRUCTURED PRODUCTS, INC., Defendant.

Supreme Court, New York County.

Decided October 12, 2016.


Attorney(s) appearing for the Case

Holwell, Shuster & Goldberg LLP (Daniel P. Goldberg, Avi B. Israeli, Michael S. Shuster, Hannah S. Sholl and Daniel M. Sullivan of counsel) for plaintiff.

Simpson Thacher & Bartlett LLP (David J. Woll, William T. Russell, Isaac M. Rethy and John A. Robinson of counsel) for defendant.


OPINION OF THE COURT

HSBC Bank USA, National Association, solely in its capacity as trustee for the ACE 2006-HE4 trust (the trust), brought this action against DB Structured Products, Inc. (DBSP) for breaches of representations and warranties DBSP made about residential mortgage-backed securities (RMBS) contained in...

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