BofA lawyer says settlement challenger is Baupost
Place is actually a made up name, Theodore Mirvis, Canada Goose Coats On Sale an attorney with Wachtell, Lipton, Rosen Katz who canada goose coats on sale represents canada goose coats Bank of America, cheap canada goose uk said at a hearing in New York state Supreme Court Thursday.Baupost spokeswoman Elaine Mann declined to comment on whether buy canada goose jacket cheap the canada goose uk outlet Boston based hedge fund was canadian goose jacket behind Walnut. David Grais, an attorney at Grais Ellsworth LLP in New York who represents the Walnut buy canada goose jacket entities, also declined to comment on Canada Goose Online whether Walnut was Baupost.Like most hedge funds, Baupost doesn usually Cheap Canada Goose vests disclose https://www.canadagooseoutleta.com its earnings or investments, but was reported to have $23 billion in assets last year.Walnut Place is involved canada goose black friday sale in uk canada goose outlet separate cases against Bank of America.In August, 11 entities sharing the name uk canada goose Walnut Place filed to remove Canada Goose Jackets the Canada Goose Parka global $8.5 billion canada goose uk shop settlement case from New canada goose uk black friday York state to federal court, citing its size and complexity.The settlement was intended to resolve much of Bank of America remaining legal liability tied to its disastrous 2008 purchase of mortgage lender Countrywide Financial Corp. The deal, which was reached with over 20 institutional investors, would apply to other investors as well. Court of Appeals for the 2nd Canada Goose sale Circuit.Bank of New cheap Canada Goose York Mellon is the trustee for the 530 mortgage securitization trusts covered by the proposed agreement.Mirvis and Grais were in state court Thursday, arguing on a motion by Bank of America to dismiss a separate case that canada goose the canada goose store Walnut Place entities brought against Countrywide Home Loans for breaching the agreements governing two mortgage backed securities trusts. Trustee Bank of New York Mellon is also a defendant.Mirvis argued the lawsuit should be dismissed because the right to sue for the repurchase of loans on representation and warranty claims belonged to the trustee. He told the judge that if she sides with Bank of America, no plan B for certificate holders.In a May court filing, Bank of America said canada goose factory sale that Baupost sent letters to the Bank of New York Mellon, claiming it was a certificate holder and that loans in two trusts did not comply with representations and warranties made by Countrywide Home Loans. They said appraisals were inflated and other information had been Canada Goose online misrepresented.Baupost demanded the trustee give notice of the alleged breaches to Countrywide, according to canada goose clearance sale the document, and require Countrywide to repurchase the loans. On December 21, 2010, the trustee received a letter concerning one of the trusts from entities including the Place entities.Walnut Place entities claimed to have been canada goose clearance assigned Baupost interest in that trust, the document said.The case in state court Thursday was Walnut Place Canada Goose Outlet LLC v. Countrywide Home Loans Inc, 650497/2011, New York state Supreme Court (Manhattan).