U.S. Bankruptcy Court Denies Investor Standing, Says Only Trustee or Servicer May Speak for Trusts
April 8, 2011
Opting for judicial efficiency over potential chaos in the courtroom, a federal judge ruled that a major investor in two commercial MBS trusts has no standing to argue in a bankruptcy case. The decision by Judge Shelley Chapman of the U.S. Bankruptcy Court for the Southern District of New York affirms...