In 2015, a court dismissed all claims under the suit entirely, citing a six-year statute of limitations on MBS contract litigation, as established in ACE Securities Corp. v. DB Structured Products Inc. According to Judge Karla Moskowitz, a member of the five-judge panel in Thursday’s appeals court, JPMorgan Chase’s six-year obligation to safeguard WMC didn’t stop when its obligation to repurchase the loans did. It instead will end six years after WMB actually failed to make the repurchase.
Read More »Home / Tag Archives: Breach of Contract
Lawsuit Filed Against Newly Hired Executive
Move, Inc. filed a lawsuit Monday against Zillow, Inc. and newly hired Zillow executive Errol Samuelson. The suit was filed in the Superior Court of King County, Washington. The lawsuit against Zillow and Samuelson alleges breach of contract, breach of fiduciary duty, and misappropriate of trade secrets.
Read More »