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BNY Mellon contended that the clock for the six-year statute of limitations began ticking when it made the repurchase demand. JPMorgan countered that the statute of limitations began running on the date the transaction closed, which was June 28, 2006—more than seven years before BNY Mellon filed the lawsuit.
Read More »Court Dismisses BNY Mellon’s $600 Million RMBS Suit Against JPMorgan Chase
