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U.S. BANK N.A. v. DLJ MTGE. CAPITAL, INC.

No. 11.

2022 NY Slip Op 01866

U.S. BANK NATIONAL ASSOCIATION, & C., Respondent, v. DLJ MORTGAGE CAPITAL, INC., Appellant.

Court of Appeals of New York.

Decided March 17, 2022.

Attorney(s) appearing for the Case

Richard A. Jacobsen, for appellant.

Kathleen M. Sullivan, for respondent.

Securities Industry and Financial Markets Association; National Credit Union Administration Board et al.; CXA-13 Corporation; David L. Ferstendig, amici curiae.

Judge Wilson took no part.

In this residential mortgage-backed securities litigation, we are again called upon to determine the proper application of a now-familiar contractual "sole remedy repurchase protocol" provision. Applying well-settled principles of contract interpretation and giving effect to the plain meaning of the contract language, the repurchase...

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