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New Jersey Carpenters Vacation Fund et al v. HarborView Mortgage Loan Trust 2006-4 et al
USDC SD New York
'33 Act; Credit Crunch / Rating Agency

expand... Background

Litigation background

  • New Jersey Carpenters Vacation Fund et al v. HarborView Mortgage Loan Trust 2006-4 et al
  • USDC SD New York (Foley Square) 1:08-cv-05093-HB
  • Judge Harold Baer
  • Filed 6.02.08

Lead plaintiffs

  • New Jersey Carpenters Vacation Fund

expand... Claims

Complaint  removed from Supreme Court of New York

expand... Motion to Remand  Denied

Filings

Ruling

  • "addresses an issue of first impression in this Circuit -whether the removal provision of the Class Action Fairness Act of 2005, Pub. L. 109-2, 4(a), 119 Stat. 9, Feb. 18, 2005 (CAFA), trumps the anti-removal provision of Section 22(a) of the Securities Act of 1933, 15 U.S.C. 77a et seq."
  • Court denies plaintiffs motion to remand

Commentary

expand... Appeal to Second Circuit  Pending

Filings

  • SDNY grants leave for appeal

expand... Counsel

Lead plaintiff

  • Schoengold Sporn

Defendants

  • Cahill Gordon
  • Paul Weiss
  • Satterlee Stephens

expand... Related Topics

Rule 10b Private Actions

Clear Gif