Federal Judge Grants UBS Americas Request to Re-Argue Motion to Dismiss FHFA MBS Lawsuit to Appeals Court
June 29, 2012
In an unusual move, the federal judge overseeing the Federal Housing Finance Agencys massive legal action against many of the nations biggest MBS issuers has granted a defendant the right to appeal her denial of its motion to dismiss. Last week, Judge Denise Cote of the U.S. District Court for the Southern District of New York granted permission to UBS Americas to go over her head to the U.S. Court of Appeals for the Second Circuit. UBS hopes the appellate court will reverse...